Paytm IPO, Biggest India Share Sale, Sees Sluggish Subscription

Bloomberg2021-11-09

Subscription toPaytm’s $2.5 billion initial share offering moved at a sluggish pace on the second day of the sale, as analysts raised concerns about the Indian digital payments provider’s ...

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fortuna
2021-11-09
fortuna
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Woooooo
2021-11-09
Woooooo
Like pls
- fortuna:
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- Woooooo:
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dandan_4896
2021-11-09
dandan_4896
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zhengliang96
2021-11-09
zhengliang96
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- bullrun:
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sockbuster
2021-11-09
sockbuster
Like pls
Malarveli
2021-11-09
Malarveli
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While the portion set aside for retail investors was fully subscribed, those for institutional buyers and non-institutional investors such as wealthy individuals were only partly sold.\nSlow uptake for the public subscription that runs through Nov. 10 contrasts with strong demand fromanchor investors, whose allocation was oversubscribed more than 10 times last week. A key focus is when Ant Group-backed Paytm will turn profitable enough to justify a share price of as much as 2,150 rupees that the company is seeking.\n“These are very high risk bets,” Rakhi Prasad, an investment manager at Alder Capital in Mumbai, said in an interview to Bloomberg TV Tuesday. 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