Sources paytm ipo7/24/2023 ![]() ![]() Industry sources said $24 billion could still prove to be an aggressive estimate, but Paytm has been signalling valuation expectations of around $20-$22 billion. Paytm is awaiting final approval for the IPO from the Securities and Exchange Board of India (Sebi) and its ongoing conversation with investors indicate a valuation of $20-$24 billion. While the valuation has yet to be finalised, they are garnering strong interest from institutional investors from the United States and Europe,” the person added.Ī spokesperson for Paytm declined to comment. “Alkeon is in talks with Paytm and is looking to pick up shares through anchor allotment as well as during the IPO. “Some of the European funds who were looking to invest in Ant Group’s IPO, which was later scrapped by the Chinese government, have also held talks with Paytm owing to the digital payments boom in India,” a person aware of the matter said. The new investors join a list of bidders that are in talks to invest in Paytm’s anchor investment as well as its IPO.Īs per the report CPPIB continues to be in talks with the Noida-based payment firm's anchor investment slot, sources confirmed.īesides the new investors, funds from Europe have also evinced interest in its $2.2 billion IPO, billed as one of the largest public issues in the country in over a decade. Paytm's much-anticipated Initial Public Offering (IPO) has garnered interest from a set of new investors, including US-based asset manager Alkeon Capital as well as funds managed by Morgan Stanley and Goldman Sachs, sources aware of the matter told.
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