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Aniles
2021-07-05

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Paytm Readying $2.2 Billion IPO Plan for July 12 Investor Vote

Company may scale up fundraising depending on market interest Paytm is backed by SoftBank, Berkshire

Paytm Readying $2.2 Billion IPO Plan for July 12 Investor Vote

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While a price won’t be specified in the initial documents, the company is expected to offer an equal amount of new and secondary shares and its valuation could eventually land between $24 billion and $30 billion, they added.\nThe startup has hired several banks includingJPMorgan Chase & Co.andGoldman Sachs Group Inc.to handle the matter, Bloomberg News previouslyreported.","news_type":1},"isVote":1,"tweetType":1,"viewCount":142,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":3,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}