Boat’s parent Imagine Marketing files for IPO; eyes valuation of over $1.5 billion

This is the second attempt by the homegrown wearable and audio products brand to go public. In January 2022, it had filed for a Rs 2,000 crore IPO but shelved the plans citing market conditions and raised $60 million in private capital through convertible preferred stock notes from existing investor Warburg Pincus and new investor Malabar Investments. It was raised at a minimum valuation cap of around $1.2 billion.