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Paytm may drop its pre-IPO sale as advisors recommend lower valuation
21 Oct 2021, 18:33
Paytm may drop its pre-IPO sale as advisors recommend lower valuation
  1. Paytm is reportedly seeking a valuation of over $20 billion, however advisors have recommended it to go for a lower valuation.
  2. Sources at Paytm claim that the company decided to do away with the pre-IPO round in order to adhere to the timeline it set for itself.
  3. Paytm is planning to raise ₹16,600 crore through this IPO, half of which will be through fresh issues.

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