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Victoriapsy
2021-10-27

Ant Group-backed Paytm raises IPO size to $2.44 billion

Indian digital payments leader Paytm has boosted the size of its initial public offering to 183 bill

Ant Group-backed Paytm raises IPO size to $2.44 billion

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}\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\">\nAnt Group-backed Paytm raises IPO size to $2.44 billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-27 21:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ant-group-backed-paytm-raises-123109769.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Indian digital payments leader Paytm has boosted the size of its initial public offering to 183 billion rupees ($2.44 billion) from 166 billion rupees, as existing shareholders look to sell more stake...</p>\n\n<a href=\"https://finance.yahoo.com/news/ant-group-backed-paytm-raises-123109769.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/ant-group-backed-paytm-raises-123109769.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145651584","content_text":"Indian digital payments leader Paytm has boosted the size of its initial public offering to 183 billion rupees ($2.44 billion) from 166 billion rupees, as existing shareholders look to sell more stake ahead of the country's largest stock market listing.\nPaytm was likely to target a price band of 2,080-2,150 rupees per share for the IPO for a likely valuation of around $20 billion, a source directly aware of the matter told Reuters.\nThe company increased the size of its IPO as it received increased investor demand, said the source, who did not wanted to be named as the information was not public.\nPaytm did not immediately respond to a Reuters request for comment.\nSeveral companies including Paytm have jumped into India's capital markets as investors ride a wave of liquidity that has taken domestic markets to record highs. Food delivery firm Zomato, which also counts China's Ant Group as a shareholder, is up 77% since its listing in July.\nPaytm's offering will open on Nov. 8 and will see top investor Ant Financial sell shares worth 47.04 billion rupees, or nearly half the offer for sale component. 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