InvestorQ : Is Paytm planning to put off its pre-IPO placement plan?
Riya Dwivedi made post

Is Paytm planning to put off its pre-IPO placement plan?

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shrinidhi Rajan answered.
1 month ago
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Paytm is likely to scrap its pre-IPO equity placement of Rs.2,000 crore ahead of the proposed Rs.16,600 crore IPO. This is due to differences over pricing and valuation of the company. While Paytm is seeking valuation of $20 billion, the investors are inclined towards something closer to $17-18 billion. Paytm is yet to take a final call on whether to go ahead with the pre-IPO placement at lower valuations or to scrap the idea altogether.

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