if you weren’t Taking a closer look, you would have expected a different outcome from Paytm’s IPO. After all, the company is incredibly well funded by the investors you know by name, and the Indian fintech giant has grown enough to scale into a global brand.
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Since debuting last Thursday, Paytm has posted two double-digit declines, measured as a percentage, during its first two trading days. As far as going public is concerned, seeing your share price drop by 27% and then drop by 13% is as bad as it can go.
So what? To understand the weak Paytm IPO – technically the public offering of Paytm’s parent company One97 Communications, we’re going back to the company’s IPO filing, which we’ll expand on with a new filing today that deals with a few more data points . Its performance.
We’d like to know if we can give reason enough to understand the company’s terrible performance after the IPO. Was Paytm misrepresented in its public debut? If so, we won’t have to spend much time wondering whether the larger Indian stock market is less than welcoming to the tech unicorn.
We also have some analyst numbers to lean on for support, thanks to Nerdshala’s Manish Singh. in violation!
Paytm IPO filing
To avoid going through this post for more words than you want to read, we will go deep into the features Paytm has to offer in the market. Suffice it to say that it provides payments, bill payments and loans to the Indian market, among other endeavors.
So how good is fintech business in India? let’s take a look Company’s IPO filing,