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Topic: IPO

Paytm receives first ‘buy’ rating after IPO flop

Dolat Capital Market, third brokerage to initiate coverage on Paytm, says its transition to a 'manufacturer' of financial services from an agent will help the digital payments firm.
A swiggy delivery boy in front of a food outlet in Kolkata | Photo: Getty Images | NurPhoto

Swiggy nears $700 mn fundraise in Invesco-led round as it hopes for IPO in a year’s time

Invesco will pour in $200 million, with other existing investors such as Softbank participating. Swiggy is expected to follow Zomato with an IPO about a year or so later.
Snapdeal website seen on a phone | Photo: Kuni Takahashi | Bloomberg

Snapdeal plans to file Rs 1900-crore IPO early next year

Snapdeal would become the largest tech company to test investors’ appetite for IPOs after the disastrous debut of Paytm’s parent, One 97 Communications Ltd.
Representational image | Photo: Dhiraj Singh | Bloomberg

These IPOs are under extra scrutiny after Paytm’s disaster debut

Paytm shares have fallen about 30% since it started trading, with a slight rebound Tuesday. Planned smaller IPOs could have a harder time pricing shares now.
Workers prepare the stage during the listing ceremony for the IPO of One97 Communications, operator of PayTM, at the Bombay Stock Exchange in Mumbai on 18 November 2021 | Bloomberg

Paytm debacle casts shadow over IPOs for startups, dims stock market mood

At least some of the IPO prospects that have been looking to benefit from the flood of transactions may now rethink the timing and pricing of their issues.

Paytm founder Vijay Shekhar Sharma compares himself to Elon Musk after shares plunge

Sharma encouraged employees to look past the initial stumble and to focus on the long-term opportunities for bringing digital payments to India's fast-growing internet population.

Paytm CEO’s fixation on delivering record IPO led to first-day flop

The company, with support from leading banks, pushed up both the price and the size of the stock offering to the breaking point.

Paytm shares crash 27% on first day of trading after historic IPO

Paytm shares sank to Rs 1,560.8 compared with the IPO price of Rs 2,150. Retail investors who piled into the offering are now sitting on heavy losses.
File photo of SEBI Bhavan in Mumbai, Maharashtra | Photographer: Santosh Verma | Bloomberg

IPO frenzy pushes SEBI to propose tighter listing rules on investor exit, cash raised

The proposals from SEBI come as the country is set for a record year for IPOs and follow the RBI's decision to impose limits on borrowers seeking to buy shares of a new listing.

Nykaa’s Falguni Nayar is now India’s wealthiest self-made female billionaire

Nayar, who owns about half of Nykaa, is now worth about $6.5 billion as shares of the firm surged as much as 89% when they started trading Wednesday.

Twitter has an India-born CEO Parag Agrawal. In Pakistan, it has caused a burn

We look forward to overseas Pakistanis cooking on wood, explaining gas shortage in Pakistan. These are inflation CEOs. Unmatchable against Google, Twitter CEOs.
Illustration: Ramandeep Kaur | ThePrint

Bezos, Branson & Musk — Are billionaires popularising space travel or just on an ego trip?

Jeff Bezos will travel to the edge of space in his New Shepard aircraft — more than a week after billionaire Richard Branson defeated him in a fast developing space race.
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