India s Paytm targets $3 billion IPO - Bloomberg News Reuters 1 hr ago
BENGALURU, May 27 (Reuters) - Indian fintech start-up Paytm is aiming to raise about 218 billion rupees ($3 billion) in an initial public offering (IPO) late this year, Bloomberg News reported https://www.bloomberg.com/news/articles/2021-05-27/paytm-is-said-to-target-3-billion-ipo-largest-ever-for-india on Thursday, citing a person familiar with the matter.
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The One97 board plans to meet this Friday to formally approve the IPO, according to the report.
Paytm, backed by Japan s SoftBank Group, Warren Buffett s Berkshire Hathaway Inc and China s Ant Financial, did not immediately respond to a Reuters request for comment.
India Business News: Paytm, India’s leading digital payments provider, is aiming to raise about Rs 21,800 crore ($3 billion) in an initial public offering late this year,
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India s Paytm targets US$3 billion IPO - Bloomberg News Indian fintech start-up Paytm is aiming to raise about 218 billion rupees (US$3 billion) in an initial public offering (IPO) late this year, Bloomberg News reported https://www.bloomberg.com/news/articles/2021-05-27/paytm-is-said-to-target-3-billion-ipo-largest-ever-for-india on Thursday, citing a person familiar with the matter.
A vendor weighs vegetable next to an advertisement of Paytm, a digital payments firm, hanging amidst his vegetables at a roadside market in Mumbai, India, April 2, 2019. REUTERS/Francis Mascarenhas
27 May 2021 06:50PM Share this content
By siliconindia | Thursday, 27 May 2021, 10:00 Hrs India’s leading digital payments provider Paytm is targeting to raise nearly
21,800 crore ($3 billion) in an initial public offering late this year, according to sources close to firm, in what could be India’s largest debut ever. The startup, backed by investors comprising Berkshire Hathaway Inc, SoftBank Group Corp and Ant Group Co, plans to list in India around November and its offering could concur with the Diwali festival season, states the anonymous person, because the details are private. Paytm, officially called One97 Communications, is aiming a valuation of around $25 billion to $30 billion. The One97 board intends to meet tomorrow to formally approve the IPO. If successful, Paytm’s initial share sale would surpass Coal India’s offering, which gathered more than
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