Ola Electric Shares Surge 82% Post-Debut to Hit $7 Billion Value
- E-scooter maker’s shares have risen about 82% over IPO price
- There is a serious belief in India’s EV story: Fident
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The rapid rise in Ola Electric Mobility Ltd. shares is vindicating the founder’s push to list the company despite initial skepticism over valuation.
The stock has surged nearly 82% in less than two weeks, bringing its market capitalization to over $7 billion. The company’s initial public offering was India’s biggest in two years and saw participation from across investor segments.