The Zomato IPO: A Bet on Big Markets and Platforms!
Musings on Markets
JULY 22, 2021
The second is the cost of capital, a number that most valuation classes and books (including mine) belabor to the point of diminishing returns. Finally, dismissing Zomato as an investment, just because it does not make money now, or fails to meet some conventional value tests on pricing (PE, Price to Book), is investing malpractice.
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