Fintech giant Paytm seeks $20b valuation in India’s biggest IPO

Fintech giant Paytm seeks $20b valuation in India’s biggest IPO

Photo by Livemint

One97 Communications Ltd, which operates Paytm, has set a price band of 2,080 to 2,150 for its initial public offering (IPO), at a valuation of $20 billion, the company said in a regulatory filing on Wednesday.

Almost 75% of the issue worth 13,725 crore is reserved for qualified institutional buyers (QIBs), with 10% of the issue worth 1,830 crore reserved for retail buyers, the BSE filing showed.

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