(Reuters) -India’s markets regulator has approved the initial public offering (IPO) of electronics brand boAt’s parent, Imagine Marketing, according to a document from the regulator published on Tuesday.
boAt, known for its headphones and smart watches, confidentially filed for an IPO in April. The Warburg Pincus-backed firm is targeting a valuation of $1.5 billion, according to local media reports.
(Reporting by Nandan Mandayam in Bengaluru; Editing by Janane Venkatraman)
