InvestorQ : Why is Softbank still so bullish on Paytm and why is the IPO response still quite tepid?
Archita Jajjoo made post

Why is Softbank still so bullish on Paytm and why is the IPO response still quite tepid?

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Niti Shenoi answered.
4 weeks ago
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Let me first talk about your IPO question. Most of the institutional and HNI appetite will only come on the last day, so just wait till end of today. We say that in the case of Policybazaar when most of the response came on the last day. You should see a good deal of over subscription in the case of Paytm also by the time it closes. That is evident form the response to its anchor placement done last week.

Softbank and its chief, Masayoshi Son, have been long time believers in the Paytm ecosystem and have also invested in the company sine the early stage. According to Son, Paytm has the potential to grow its value going forward. Apart from Paytm, Softbank has also invested in Policybazaar, Delhivery and others. According to Son, Paytm was an ecosystem by itself with huge monetization potential and the value will be evident over time.

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