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SoftBank, NewQuest looking to sell shares of IPO-bound FirstCry: Report

Shortpedia

Content Team
Image Credit: firstcry

Investors such as SoftBank and NewQuest Capital Partners, among others, are reportedly looking to sell shares in the IPO-bound ecommerce unicorn FirstCry. According to sources cited in an ET report, Japan’s SoftBank is looking to reduce its holding in FirstCry. Currently, the Masayoshi Son-led investor is the biggest investor, with a 29% stake in the ecommerce unicorn.