July 16 - 09:07
Ant-backed Paytm files for $2.2bn IPO
Indian digital payments company Paytm plans to raise $2.23bn in the biggest stock marketing listing in a decade in India. The company has been backed by Ant Group and Softbank and is currently seeking regulatory approval for its initial public offering. The IPO is expected to value the company at $25bn. Paytm competes with PhonePe and Google Pay in the world’s second-largest internet market.
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