Milky Mist Shares Jump 30% on India Stock Market Debut
Listen to the story
Milky Mist Dairy Food is a company from India. It makes dairy food, like cheese and milk products.
The company sold shares to the public for the first time. This is called a stock market debut.
On the first day, the price of the shares went up almost 30 percent. This is a very big rise.
Milky Mist is backed by Temasek. Temasek is a big investor from Singapore. It gives money to companies.
Because the shares went up so much, the company now has a valuation of $1.5 billion. Valuation means how much a company is worth.
Many people wanted to buy Milky Mist shares. This made the price go up fast on the first day.
The strong debut shows that investors like the dairy company. They think it can grow in the future.
Vocabulary15 words
- debut
- the first time something happens
- investor
- a person or company that gives money to help a business grow
- valuation
- how much money a company is worth
- shares
- small parts of a company that people can buy
- dairy
- food made from milk, like cheese
- stock market
- a place where people buy and sell parts of companies
- backed
- helped with money
- rise
- when something goes up
- public
- all people, not just a few
- billion
- a very big number, 1,000 million
- company
- a business that makes or sells things
- price
- how much money something costs
- trade
- buying and selling
- grow
- to become bigger
- worth
- the value of something
Quiz
Answer key
1. Dairy food 2. About 30% 3. True
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Milky Mist Dairy Food is a company from India. It makes _____ food, like cheese and milk products.
The company sold shares to the public for the first time. This is called a stock market _____.
On the first day, the price of the shares went up almost 30 percent. This is a very big _____.
Milky Mist is _____ by Temasek. Temasek is a big investor from Singapore. It gives money to companies.
Because the shares went up so much, the company now has a _____ of $1.5 billion.
Many people wanted to buy Milky Mist _____. This made the price go up fast on the first day.
The strong debut shows that _____ like the dairy company.
They think it can _____ in the future.