Nykaa makes glowing debut with $14 billion valuation

Indian cosmetics-to-fashion platform Nykaa NSE -3.35 % surged 96% in a blockbuster debut on Wednesday, fetching the country’s first women-led unicorn a valuation of nearly $14 billion.

Shares of FSN E-Commerce Ventures, the company that owns the Nykaa brand, ended at Rs 2,205.80 after debuting at Rs 2,018 in pre-open trade.