According to @CNBC, Indian quick commerce startup Zepto has filed for a $1.2 billion IPO, signaling one of the largest consumer-internet offerings out of India this cycle, per CNBC. CNBC reports the filing comes amid warnings of a bubble in the quick commerce segment, highlighting elevated sector risk for valuation-sensitive traders, per CNBC. Based on CNBC’s report, active IPO traders may monitor order book quality and pricing discipline given bubble concerns flagged by CNBC. CNBC also notes no crypto exposure or token-linked disclosures for Zepto in this context, indicating no direct crypto market tie-in cited by CNBC.