"From 'One Day' To 'Day One'": Zomato Sums Up Its Big Listing Story

Zomato CEO Deepinder Goyal said the company would "relentlessly focus on 10 years out and beyond" and would not alter its course for short term profits at the cost of long term success.

Soon after Zomato's blockbuster listing on Friday, a tweet from the food delivery start-up declared: "From one day to Day One". from 'one day' to 'day one' pic.twitter.com/NyyA7dAfku Never been so excited and indifferent at the same time. #ZomatoIPOpic.twitter.com/fFVzSAXjvF Shares of Zomato Ltd opened at a 52.6% premium to their offer price, gaining a market valuation of about $12 billion. Shares opened at Rs 116 in pre-open trade compared to the initial public offering (IPO) price of Rs 76. This is the first stock market listing of an Indian startup valued at more than $1 billion. The company is offering 1.23 billion shares for sale at the higher end of its price band, with the size of the IPO coming up to Rs 93.75 billion. Zomato's listing was advanced by four days.