Spinny hires big banks for a potential IPO in early 2027 as talks on valuation continue

Banks lined up even as IPO price and size remain unclear

Used car unicorn Spinny is reportedly preparing for a potential IPO in the first quarter of 2027, with investment banking advisers including Kotak Mahindra Capital, Morgan Stanley and Citigroup. The plan is expected to combine fresh issue and offer for sale, but discussions on public float, valuation and issue size are still ongoing. The move follows its recent $170 million funding round.