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.
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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
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