According to unicorn tracking CB Insights, Paytm’s final value is $16 billion.
New Delhi We are considering abolishing the sale of shares.
The company is targeting an estimate of more than $20 billion based on initial feedback from investors, but trading advisers have recommended lower prices, some say because the information is private. I asked not to attach it. According to unicorn tracking CB Insights, the value of the company’s terminals is $16 billion.
Formally known as One97 Communications Ltd., Paytm is seeking to dampen demand from strong investors, helped by a bit of liquidity that has propelled India’s blockbuster listings soaring this year.
Walmart Inc. Flipkart and Amazon.com Inc. After increasing competition with the company, the company’s revenue decreased by 10% after reducing ecommerce and cloud sales by the same amount in March 2021.
A final decision has yet to be made, and people are saying that Paytm could consider selling it before the lower-rated IPO. Some said regulators would approve the list in the next few days.
Company representatives did not respond to emails seeking comment.
Banks such as Morgan Stanley, Goldman Sachs Group, Inc., Citigroup, Inc. and ICICI Securities Limited sold their shares.
Paytm said in a draft Red Herring prospectus submitted to the Securities and Exchange Commission of India on July 16 that it could consider placing up to Rs.2,000 before the IPO.