Meesho converts to public entity in run-up to IPO

Ecommerce marketplace Meesho’s board has approved its conversion into a public entity ahead of a planned initial public offering (IPO), according to its filings with the Registrar of Companies (RoC).

Conversion from a ‘private limited’ to a ‘public limited’ company is a key step a company undertakes on its path to an IPO. Last week, omnichannel eyewear retailer Lenskart also converted into a public limited company ahead of its planned IPO.

Bengaluru-based Meesho is also in the process of flipping back its domicile from the US to India and has…