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Indian fintech giant Paytm makes weak debut, share price crashes 27% on listing day

Paytm’s expensive valuation, lack of clarity on the path to profitability, and cutthroat competition are believed to be the key reasons behind its weak market debut.

4 mins read
  • In the three-day IPO that concluded on November 10, Paytm was oversubscribed 1.89 times, receiving bids for a total of 91.4 million shares against the 48.3 million shares available.

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    A closer look at Paytm’s (formerly) USD 20 billion empire

    7 mins read

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