Paytm Under Scrutiny After First-Day Flop Followed Record IPO_老虎社区_美港股上老虎

Paytm Under Scrutiny After First-Day Flop Followed Record IPO

Bloomberg2021-11-22

Shares of India’s pioneering digital payments startup Paytm will be closely watched by traders after the stock plunged 27% in its debut Thursday following a record initial public offering. Paytm’s ...

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Tanakaken
·2021-11-22
Wonder who are the sellers if they are not shortlists or IPO investors who are on funding and cutting loss?
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Botak Tur
·2021-11-22
Ok
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- Botak Tur:
  Ok
  2021-11-22
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hotwheels
·2021-11-22
What is the underlying reason for the sell off? Is there something brewing?
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teegem63
·2021-11-22
Just too much hype. Big market potential. But where’s the middle income cohort? Overseas?
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VinKuang
·2021-11-22
Pls like ryvm[开心]
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- Bibop:
  Sure
  2021-11-22
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JoelLee
·2021-11-22
Selll
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Founder and Chief Executive Officer Vijay Shekhar Sharma had persistently made clear that he wanted Paytm to surpass the long-standing IPO record set by Coal India Ltd. in 2010. Indian markets were shut Friday for a holiday.\nOver the weekend, Paytm released financial details for the month of October, which includes the critical period ahead of the Diwali holiday. Gross merchandise value rose 131% to 832 billion rupees ($11.2 billion) for the month,the company said. Loan disbursals, which analysts see as key to Paytm turning profitable, increased more than 400% to 6.27 billion rupees.\n“The stock price may not go down significantly since 87% of issue was subscribed by institutional investors, who can always support the price,” said Deven Choksey, a strategist at KRChoksey Investment Managers Pvt.\nIndia’s largest digital-payments provider lost more than a quarter of its value in its first day of trading, marking one of the worst-ever debuts by a major technology company and casting a chill over a stock-market boom that had ranked among the world’s most frenzied. The IPO had been touted by some as a symbol of the country’s growing appeal as a destination for global capital.\nPaytm’s IPO was managed by leading banks, includingMorgan Stanley,Goldman Sachs Group Inc., JPMorgan Chase & Co., ICICI Securities Ltd. and Axis Capital Holdings Ltd. 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He rallied employees during a four-hour town hall and encouraged them to look past the first-day drop,according tolocal media.\nThe slump is “no indicator of the value of our company,” the 43-year-old said in an interview with Bloomberg News on Thursday. “We are in it for the long haul. We’ll put our heads down and execute.”","kind":"news","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":872484419,"gmtCreate":1637560926144,"gmtModify":1637560926144,"author":{"id":"4089847491717180","authorId":"4089847491717180","name":"Tanakaken","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":8,"crmLevelSwitch":0,"idStr":"4089847491717180","authorIdStr":"4089847491717180"},"htmlText":"Wonder who are the sellers if they are not shortlists or IPO investors who are on funding and cutting loss?","listText":"Wonder who are the sellers if they are not shortlists or IPO investors who are on funding and cutting loss?","text":"Wonder who are the sellers if they are not shortlists or IPO investors who are on funding and cutting loss?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/872484419","repostId":1141057929,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":872413072,"gmtCreate":1637558823575,"gmtModify":1637558823649,"author":{"id":"3578990746736424","authorId":"3578990746736424","name":"Botak Tur","avatar":"https://static.tigerbbs.com/ad2db38166c18b512749a83019596279","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3578990746736424","authorIdStr":"3578990746736424"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/872413072","repostId":1141057929,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6675610,"gmtCreate":1637558835557,"gmtModify":1637558835588,"authorId":3578990746736424,"author":{"id":3578990746736424,"idStr":"3578990746736424","authorId":3578990746736424,"name":"Botak Tur","avatar":"https://static.tigerbbs.com/ad2db38166c18b512749a83019596279","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":872413072,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"CN"},{"id":872431547,"gmtCreate":1637557540696,"gmtModify":1637558806222,"author":{"id":"3555967496683005","authorId":"3555967496683005","name":"hotwheels","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3555967496683005","authorIdStr":"3555967496683005"},"htmlText":"What is the underlying reason for the sell off? Is there something brewing?&nbsp;","listText":"What is the underlying reason for the sell off? Is there something brewing?&nbsp;","text":"What is the underlying reason for the sell off? Is there something brewing?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/872431547","repostId":1141057929,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":872493349,"gmtCreate":1637555953993,"gmtModify":1637558421503,"author":{"id":"4100655058123160","authorId":"4100655058123160","name":"teegem63","avatar":"https://static.tigerbbs.com/ac15943f10bad1c2c0ec91d5d8a2bd22","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"4100655058123160","authorIdStr":"4100655058123160"},"htmlText":"Just too much hype. Big market potential. But where’s the middle income cohort? Overseas?","listText":"Just too much hype. Big market potential. But where’s the middle income cohort? Overseas?","text":"Just too much hype. Big market potential. But where’s the middle income cohort? Overseas?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/872493349","repostId":1141057929,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":872403761,"gmtCreate":1637554862854,"gmtModify":1637554862961,"author":{"id":"3577323914202336","authorId":"3577323914202336","name":"VinKuang","avatar":"https://static.tigerbbs.com/536d624e5750dcffec704eeed9bc003b","vip":1,"crmLevel":8,"crmLevelSwitch":0,"idStr":"3577323914202336","authorIdStr":"3577323914202336"},"htmlText":"Pls like ryvm[开心]&nbsp;","listText":"Pls like ryvm[开心]&nbsp;","text":"Pls like ryvm[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/872403761","repostId":1141057929,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6675428,"gmtCreate":1637557308101,"gmtModify":1637557308204,"authorId":3574823733614024,"author":{"id":3574823733614024,"idStr":"3574823733614024","authorId":3574823733614024,"name":"Bibop","avatar":"https://static.tigerbbs.com/5c9cf1e4cff885e3bf9913697004534b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":872403761,"type":1,"supId":0,"prevId":0,"content":"Sure","text":"Sure","html":"Sure"}],"langContent":"CN"},{"id":872400055,"gmtCreate":1637554567122,"gmtModify":1637554567687,"author":{"id":"3579882572140125","authorId":"3579882572140125","name":"JoelLee","avatar":"https://static.tigerbbs.com/e1f6c92b13d94cba61906c07dbbb2ab6","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3579882572140125","authorIdStr":"3579882572140125"},"htmlText":"Selll","listText":"Selll","text":"Selll","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/872400055","repostId":1141057929,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":85,"commentSize":6,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}