Paytm may drop its pre-IPO sale as advisors recommend lower valuation
- Paytm is reportedly seeking a valuation of over $20 billion, however advisors have recommended it to go for a lower valuation.
- 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.
- Paytm is planning to raise ₹16,600 crore through this IPO, half of which will be through fresh issues.
Read Full Story