Paytm's market debacle unlikely to dampen India's IPO frenzy

Paytm's market debacle unlikely to dampen India's IPO frenzy

FILE PHOTO: A worker adjusts a hoarding of Paytm, a digital payments firm, in Ahmedabad, India, January 31, 2019. REUTERS/Amit Dave

Paytm’s market debacle is unlikely to cast a chill over the frenzied initial public offering market, though it may temper the valuation expectations of money-losing companies that are set to go public.

IPO activity is expected to remain strong, with at least 10 companies set to launch their share sales in the coming weeks, four industry experts said.

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