Friday, 24 March, 2023

India’s biggest IPO to be launched later this year by Paytm

<p>India&rsquo;s top digital payment app Paytm is looking to raise over $3 bn in IPO later this year which might be around the Diwali festival. The company is aiming for a total valuation of $25 bn to $30 bn from this IPO. If Paytm succeeds, it might surpass Coal India&rsquo;s Rs 10,000 cr IPO of 2010. JP Morgan Chase and co, Morgan Stanley, and Citigroup are the banks shortlisted to support the IPO. Paytm will float 10% shares in the next two years and 25% in the next five years.</p>