ESDS Listing Pushes New-Age Tech Stocks’ Market Cap Past $170 Bn

The first week of September was marked by stake sales by institutional investors, fresh ESOP allotments, and continued momentum in the new-age tech IPO market. Of the 62 previously listed new-age tech stocks under Inc42’s coverage, 26 gained between 0.03% and 13% during the week, while the remaining 36 declined by up to 15%. After leading the gainers last week, BSE SME-listed edtech startup Klassroom emerged as the biggest loser this week.