Latham Advises on Meesho’s US$604 Million IPO

Latham & Watkins has advised the book running lead managers as sole international counsel on Meesho’s US$604 initial public offering (IPO) on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE).

Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, Morgan Stanley India Company Private Limited, Axis Capital Limited, and Citigroup Global Markets India Private Limited were the book running lead managers on the transaction.

Latham has advised on a series of Indian IPOs in recent weeks, including Tenneco Clean Air’s US$406 million IPO, PhysicsWallah’s US$393 million IPO, Pine Labs Limited’s US$440 million IPO, Groww's US$748 million IPO, Tata Capital's US$ 1.75 billion IPO, the largest IPO in India to date this year, and LG Electronics' US$1.3 billion IPO, the third largest IPO in India to date this year.

The Latham team was led by Singapore partner Rajiv Gupta, with associate Esha Goel, London associate Eunice Chan, and Singapore Foreign Legal Consultant Neha Sahgal. Advice was also provided on tax matters by Chicago partners Valerie Silva Parra and Rene de Vera; and on regulatory matters by Chicago partner Laura Ferrell, with associate Jennifer Tian and Washington, D.C. associate Tim Cummings.

About Meesho

Meesho is a multi-sided technology platform driving e-commerce in India by bringing together four key stakeholders – consumers, sellers, logistics partners, and content creators.

About Latham’s India Practice

With over 20 years of experience advising on Indian debt and equity capital markets transactions, Latham has one of the largest and most active India practices among international law firms. The multi award-winning practice comprises more than 50 lawyers globally, and the team has advised on India-related matters with a combined value in excess of US$100 billion since 2018.