India’s Shadowfax slips on listing, as client concentration spooks investors
Shadowfax stumbled in its market debut, with shares falling as investors weighed concerns about the logistics firm’s heavy reliance on a handful of large e-commerce clients. The company raised about ₹19.07 billion (about $208.24 million) in its initial public offering. The shares fell about 9% from the offer price of ₹124 to ₹112.60 on Wednesday,…