PhysicsWallah has turned into a public company, as it prepares for its initial public offering (IPO) in 2025
The edtech unicorn’s board approved a resolution to change it into a public company by renaming it to PhysicsWallah Limited from PhysicsWallah Private Limited
The edtech major said it plans to list its equity shares on “one or more stock exchanges”
Edtech major PhysicsWallah
has turned into a public company, as it prepares for its initial public offering (IPO) in 2025.
Earlier this month, the edtech unicorn’s board approved a resolution to change it into a public company by renaming it to PhysicsWallah Limited from PhysicsWallah Private Limited.
“… the board of directors of the company be and is hereby accorded to change the name of the company from “PHYSICSWALLAH PRIVATE LIMITED” to “PHYSICSWALLAH LIMITED” by deletion of the word “Private” before the word “Limited” in the name of the company and accordingly amend the name clause of the Memorandum of Association of the company and all such other papers, documents and matters be made to give effect of the changed name accordingly,” the company said in a regulatory filing.
The edtech major said it plans to list its equity shares on “one or more stock exchanges.”
Earlier this year, it was reported that the company had finalised Axis Capital, Kotak Mahindra Capital, Goldman Sachs, and JP Morgan as the bankers for its proposed $400 Mn to $500 Mn IPO next year.
(The story will be updated soon.)
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