Wednesday, 8 December, 2021
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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.

Investors, analysts question Paytm CEO on way forward after turbulent market debut

One97 Communications, the parent of the digital payments giant, ended last week 17% below its offer price of Rs 2,150, after falling to as low as Rs 1,271 at one point.
A Paytm All-In-One POS payment device at a medical store | Photo: Dhiraj Singh | Bloomberg

Paytm’s tumultuous ride continues as stock sinks again ahead of earnings call

Ahead of the results Saturday, Paytm’s shares dropped as much as 7.7% in early trading Friday. The company's quarterly and half-yearly results will also be announced over the weekend.
A worker prepares 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 | Photographer: Dhiraj Singh | Bloomberg

BlackRock, Canada Pension bought more Paytm stocks after early tumble

Any sign that influential money managers like BlackRock are doubling down on Paytm may help ease concern about the sustainability of an Indian stock-market boom.
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 shares tumble by another 13% after historic IPO flop

The drop has hit individual investors and global institutions such as BlackRock and the Canada Pension Plan Investment Board that had scooped up shares.

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.
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.