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Market Chatter: Managed Workspace Firm Tablespace Plans Up to $350 Million India IPO

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Indian managed workspace provider Tablespace Technologies is set to file draft papers for an initial public offering by early August in a deal that could raise up to $350 million, Bloomberg News reported, citing people familiar with the matter.

The proposed listing is expected to include a fresh issue of shares worth up to 10 billion rupees, along with an offer for sale by existing shareholders, the report said.

Axis Capital, IIFL Capital Services, BofA Securities and CLSA are advising on the offering, according to Bloomberg.

Tablespace did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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