SoftBank-Backed Lenskart Said to Plan to File $1 Billion IPO (1)

Indian eyewear retailer Lenskart Solutions Pvt. is planning to file for an initial public offering of about $1 billion as early as this week, according to people familiar with the matter.

The company, backed by SoftBank Group Corp., is finalizing the valuation as it prepares to submit its draft red herring prospects with the market regulator, the people said, asking not to be identified as the deliberations are private.

A spokesperson for Lenskart didn’t immediately respond to a request for comment.

Global investors such as Abu Dhabi Investment Authority, KKR & Co., and TPG Inc. are among ...