Paytm’s IPO Flop May Embitter Millions of Retail Investors

Bloomberg2021-11-23

A stunning two-day plunge by India’s Paytm after its initial public offering casts a shadow over the prospects for technology firms preparing to go public in what was supposed to be the country’s ...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

Sushil
2021-11-23
Sushil
Will enter once cheaper.
leejk
2021-11-23
leejk
Thanks
teegem63
2021-11-23
teegem63
So who’s making the $$ ?Fundamentals missing. So biggest hit again retail.
CharlesKing
2021-11-23
CharlesKing
Like and comment plz👇👇👇
- CharlesKing:
  yes

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/1171072090?lang=zh_CN&edition=full","thumbnail":"","is_english":true,"pubTime":"2021-11-23 09:59","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1171072090","market":"us","top_or_hot":-1,"title":"Paytm’s IPO Flop May Embitter Millions of Retail Investors","media":"Bloomberg","content":"<div>\n<p>A stunning two-day plunge by India’s Paytm after its initial public offering casts a shadow over the prospects for technology firms preparing to go public in what was supposed to be the country’s ...</p>\n\n<a href=\"https://finance.yahoo.com/news/paytm-ipo-flop-may-embitter-005114298.html\">网页链接</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Paytm’s IPO Flop May Embitter Millions of Retail Investors</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPaytm’s IPO Flop May Embitter Millions of Retail Investors\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-23 09:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/paytm-ipo-flop-may-embitter-005114298.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A stunning two-day plunge by India’s Paytm after its initial public offering casts a shadow over the prospects for technology firms preparing to go public in what was supposed to be the country’s ...</p>\n\n<a href=\"https://finance.yahoo.com/news/paytm-ipo-flop-may-embitter-005114298.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BABA","symbol_name":"阿里巴巴","start_time":0,"source_url":"https://finance.yahoo.com/news/paytm-ipo-flop-may-embitter-005114298.html","article_id":"1171072090","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1171072090","pubTimestamp":1637632764,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"A stunning two-day plunge by India’s Paytm after its initial public offering casts a shadow over the","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W"},"translate_title":"Paytm的IPO失败可能会让数百万散户投资者痛苦","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09988":0.9,"BABA":0.9},"content_text":"A stunning two-day plunge by India’s Paytm after its initial public offering casts a shadow over the prospects for technology firms preparing to go public in what was supposed to be the country’s breakout year.\nRetail investors, who bought an unprecedented amount of shares in Paytm’s parent One 97 Communications Ltd., have seen more than 35% of their value wiped out in just two trading sessions. Further losses may be in store if the stock slumps from its Monday closing price of 1,359.6 rupees to the 1,200 rupees predicted by Macquarie Group Ltd.\nAnalysts Who Predicted Paytm Drop Say Stock Is Still Too Pricey\n“The event in a way will nudge people to be cautious and not take the market for granted by blindly placing bets,” said Gopal Agrawal, managing director and co-head of investment banking at Edelweiss Financial Services Ltd. “It is important that a company’s story and prospects are well understood by investors.”\nIndia’s equity markets have been on a tear this year, buoyed by a central bank that slashed interest rates to a record low and millions of new individual investors seeking higher returns in riskier assets. The rally has encouraged at least half-a-dozen technology startups to seek to public listings, including SoftBank Group Corp.-backed Oyo Hotels & Homes and logistics provider Delhivery Pvt.\nAt least some of the IPO prospects that have been “on the periphery” and looking to benefit from the flood of transactions, may now rethink the timing and pricing of their issues, Agrawal said.\nFirms in the South Asian nation have raised about $15 billion through IPOs this year, already an annual record by total proceeds. Critics have been questioning valuations on some of these IPOs, given they are still loss-making companies.\n“The pandemic led to huge technology adoption in the country that got priced into the valuations of many technology companies,” said Ashutosh Sharma, vice president and research director at Forrester Research Inc. “Is this the beginning of a downward trend? I don’t know. But going forward, investors will look cautiously on the risks and business future of tech companies.”\nPaytm’s valuation, at about 26 times estimated price-to-sales for the financial year 2023, is expensive especially when profitability remains elusive for a long time, Suresh Ganapathy and Param Subramanian of Macquarie Capital Securities (India) Pvt. wrote in one of the few research reports covering Paytm’s prospects. Most fintech players globally trade around 0.3-0.5 times price-to-sales growth ratio, they said.\nPaytm’s large IPO size also restricted demand, which could bode well for smaller prospective IPOs. Food delivery app Zomato Ltd. and beauty startup Nykaa -- both smaller than Paytm’s offering -- have seen their shares surge more than 80% since their IPOs.\nPaytm CEO’s Fixation on Record India IPO Led to First-Day Flop\nEdelweiss’s Agrawal suggests pricing share sales to “leave something on the table for investors.”\n“If an issue could be priced 10% higher or lower, it will be advisable to go with a lower pricing, which offers a much bigger upside when it comes to trade,” he said.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":875825172,"gmtCreate":1637633889813,"gmtModify":1637633889880,"author":{"id":"3582968219722259","authorId":"3582968219722259","name":"Sushil","avatar":"https://static.tigerbbs.com/d0cc7affdc757cea93c79a14c571cfdd","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3582968219722259","authorIdStr":"3582968219722259"},"htmlText":"Will enter once cheaper.","listText":"Will enter once cheaper.","text":"Will enter once cheaper.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875825172","repostId":1171072090,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":875828168,"gmtCreate":1637633690939,"gmtModify":1637633690939,"author":{"id":"3569553993868964","authorId":"3569553993868964","name":"leejk","avatar":"https://static.tigerbbs.com/13d40c01a9eef0aa4dc0a703e255de7a","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3569553993868964","authorIdStr":"3569553993868964"},"htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875828168","repostId":1171072090,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":875821209,"gmtCreate":1637633636318,"gmtModify":1637634454847,"author":{"id":"4100655058123160","authorId":"4100655058123160","name":"teegem63","avatar":"https://static.tigerbbs.com/ac15943f10bad1c2c0ec91d5d8a2bd22","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"4100655058123160","authorIdStr":"4100655058123160"},"htmlText":"So who’s making the $$ ?Fundamentals missing. So biggest hit again retail.&nbsp;","listText":"So who’s making the $$ ?Fundamentals missing. So biggest hit again retail.&nbsp;","text":"So who’s making the $$ ?Fundamentals missing. So biggest hit again retail.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875821209","repostId":1171072090,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":875868585,"gmtCreate":1637633037879,"gmtModify":1637633038143,"author":{"id":"3579391265651951","authorId":"3579391265651951","name":"CharlesKing","avatar":"https://static.tigerbbs.com/d8fbdcf3295ba7f84c1f2205610ea968","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3579391265651951","authorIdStr":"3579391265651951"},"htmlText":"&nbsp;Like and comment plz👇👇👇","listText":"&nbsp;Like and comment plz👇👇👇","text":"Like and comment plz👇👇👇","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/875868585","repostId":1171072090,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6688026,"gmtCreate":1637633043116,"gmtModify":1637633043141,"authorId":3579391265651951,"author":{"id":3579391265651951,"idStr":"3579391265651951","authorId":3579391265651951,"name":"CharlesKing","avatar":"https://static.tigerbbs.com/d8fbdcf3295ba7f84c1f2205610ea968","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":875868585,"type":1,"supId":0,"prevId":0,"content":"yes","text":"yes","html":"yes"}],"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":65,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1171072090"}