Paytm Targets $3 Billion IPO in What Would Be India’s Largest Debut

Bloomberg2021-05-27

Paytm, India’s leading digital payments provider, is aiming toraise about 218 billion rupees ($3 billion) in an initial public offering late this year, according to a person familiar with the deal, in...

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Comments

NEWBIE
2021-05-27
NEWBIE
Great.... good buy
BpchuA
2021-05-27
BpchuA
Cool
Piggu
2021-05-27
Piggu
Ok
MireyaMiya万亿丰
2021-05-27
MireyaMiya万亿丰
If India has shape up by then in November, think can consider buying
Joq3
2021-05-27
Joq3
Like and comment pls
- Joq3:
  done
- Helloitisme:
  Can like and comment back? Thanks!
- Jazling:
  ResponD pLs
- Huiz84:
  Commented
  Pls reply back to comment thanks
- Muppy:
  liked
KingKong88
2021-05-27
KingKong88
Paypal of India?
- Gee1:
  i am hopeful
- Muppy:
  perhaps

Leave a comment

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The country’s regulations require that 10% of shares are floated within two years and 25% within five years.</p><p>Paytm, led by founder and Chief Executive Officer Vijay Shekhar Sharma, has been focusing on ramping up revenue and monetizing its services over the past year. It’s expanded beyond digital payments into banking, credit cards, financial services, wealth management and digital wallets. It also supports India’s financial payments backbone, the Unified Payments Interface or UPI.</p><p>Paytm has fended off stiff competition from a swath of global players includingWalmart Inc.-owned PhonePe, Google Pay,AmazonPay as well asFacebook Inc.-owned WhatsApp Pay. It has the biggest market share of India’s merchant payments.</p><p>Paytm has over 20 million merchant partners and its users make 1.4 billion monthly transactions, according to numbers ina recent company blog post.</p><p>In a recent conversation, CEO Sharma said Paytm had its best ever quarter in the first three months of this year after pandemic-related spending spurred digital payments.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Paytm Targets $3 Billion IPO in What Would Be India’s Largest Debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPaytm Targets $3 Billion IPO in What Would Be India’s Largest Debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 16:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-05-27/paytm-is-said-to-target-3-billion-ipo-largest-ever-for-india><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Paytm, India’s leading digital payments provider, is aiming toraise about 218 billion rupees ($3 billion) in an initial public offering late this year, according to a person familiar with the deal, in...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-05-27/paytm-is-said-to-target-3-billion-ipo-largest-ever-for-india\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-05-27/paytm-is-said-to-target-3-billion-ipo-largest-ever-for-india","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138766875","content_text":"Paytm, India’s leading digital payments provider, is aiming toraise about 218 billion rupees ($3 billion) in an initial public offering late this year, according to a person familiar with the deal, in what could be the country’s largest debut ever.The startup, backed by investors includingBerkshire Hathaway Inc.,SoftBank Group Corp.andAnt Group Co., plans to list in India around November and its offering could coincide with the Diwali festival season, said the person, asking not to be named because the details are private. Paytm, formally calledOne97 Communications Ltd., is targeting a valuation of around $25 billion to $30 billion.The One97 board plans to meet this Friday to formally approve the IPO, said the person. Paytm declined to comment in response to emailed questions.If successful, Paytm’s initial share sale would surpassCoal India Ltd.’s offering, which raised more than 150 billion rupees in 2010 in the country’s largest IPO so far.Banks shortlisted to run the Paytm offering includeMorgan Stanley,Citigroup Inc.andJPMorgan Chase & Co., with Morgan Stanley the leading contender, the person said. The process is expected to get rolling in late June or early July. The banks did not immediately respond to requests for comment.The public market debut will include a mix of new and existing shares to meet regulatory obligations in India. The country’s regulations require that 10% of shares are floated within two years and 25% within five years.Paytm, led by founder and Chief Executive Officer Vijay Shekhar Sharma, has been focusing on ramping up revenue and monetizing its services over the past year. It’s expanded beyond digital payments into banking, credit cards, financial services, wealth management and digital wallets. It also supports India’s financial payments backbone, the Unified Payments Interface or UPI.Paytm has fended off stiff competition from a swath of global players includingWalmart Inc.-owned PhonePe, Google Pay,AmazonPay as well asFacebook Inc.-owned WhatsApp Pay. It has the biggest market share of India’s merchant payments.Paytm has over 20 million merchant partners and its users make 1.4 billion monthly transactions, according to numbers ina recent company blog post.In a recent conversation, CEO Sharma said Paytm had its best ever quarter in the first three months of this year after pandemic-related spending spurred digital payments.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":132451548,"gmtCreate":1622109326184,"gmtModify":1704179623786,"author":{"id":"3575867013914101","authorId":"3575867013914101","name":"BpchuA","avatar":"https://static.tigerbbs.com/dd3500e66cc249b4480fcc30d7cd6409","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3575867013914101","idStr":"3575867013914101"},"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/132451548","repostId":1138766875,"repostType":4,"repost":{"id":"1138766875","kind":"news","pubTimestamp":1622102518,"share":"https://ttm.financial/m/news/1138766875?lang=&edition=fundamental","pubTime":"2021-05-27 16:01","market":"us","language":"en","title":"Paytm Targets $3 Billion IPO in What Would Be India’s Largest Debut","url":"https://stock-news.laohu8.com/highlight/detail?id=1138766875","media":"Bloomberg","summary":"Paytm, India’s leading digital payments provider, is aiming toraise about 218 billion rupees ($3 bil","content":"<p>Paytm, India’s leading digital payments provider, is&nbsp;aiming toraise about 218 billion rupees ($3 billion) in an initial public offering late this year, according to a person familiar with the deal, in what could be the country’s largest debut ever.</p><p>The startup, backed by investors includingBerkshire Hathaway Inc.,SoftBank Group Corp.andAnt Group Co., plans to list in India around November and its offering could coincide with the Diwali festival season, said the person, asking not to be named because the details are private. Paytm, formally calledOne97 Communications Ltd., is targeting a valuation of around $25 billion to $30 billion.</p><p>The One97 board plans to meet this Friday to formally approve the IPO, said the person. Paytm declined to comment in response to emailed questions.</p><p>If successful, Paytm’s initial share sale would surpassCoal India Ltd.’s offering, which raised more than 150 billion rupees in 2010 in the country’s largest IPO so far.</p><p>Banks shortlisted to run the Paytm offering includeMorgan Stanley,Citigroup Inc.andJPMorgan Chase &amp; Co., with Morgan Stanley the leading contender, the person said. The process is expected to get rolling in late June or early July. The banks did not immediately respond to requests for comment.</p><p>The public market debut will include a mix of new and existing shares to meet regulatory obligations in India. The country’s regulations require that 10% of shares are floated within two years and 25% within five years.</p><p>Paytm, led by founder and Chief Executive Officer Vijay Shekhar Sharma, has been focusing on ramping up revenue and monetizing its services over the past year. It’s expanded beyond digital payments into banking, credit cards, financial services, wealth management and digital wallets. It also supports India’s financial payments backbone, the Unified Payments Interface or UPI.</p><p>Paytm has fended off stiff competition from a swath of global players includingWalmart Inc.-owned PhonePe, Google Pay,AmazonPay as well asFacebook Inc.-owned WhatsApp Pay. It has the biggest market share of India’s merchant payments.</p><p>Paytm has over 20 million merchant partners and its users make 1.4 billion monthly transactions, according to numbers ina recent company blog post.</p><p>In a recent conversation, CEO Sharma said Paytm had its best ever quarter in the first three months of this year after pandemic-related spending spurred digital payments.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Paytm Targets $3 Billion IPO in What Would Be India’s Largest Debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPaytm Targets $3 Billion IPO in What Would Be India’s Largest Debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 16:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-05-27/paytm-is-said-to-target-3-billion-ipo-largest-ever-for-india><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Paytm, India’s leading digital payments provider, is aiming toraise about 218 billion rupees ($3 billion) in an initial public offering late this year, according to a person familiar with the deal, in...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-05-27/paytm-is-said-to-target-3-billion-ipo-largest-ever-for-india\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-05-27/paytm-is-said-to-target-3-billion-ipo-largest-ever-for-india","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138766875","content_text":"Paytm, India’s leading digital payments provider, is aiming toraise about 218 billion rupees ($3 billion) in an initial public offering late this year, according to a person familiar with the deal, in what could be the country’s largest debut ever.The startup, backed by investors includingBerkshire Hathaway Inc.,SoftBank Group Corp.andAnt Group Co., plans to list in India around November and its offering could coincide with the Diwali festival season, said the person, asking not to be named because the details are private. Paytm, formally calledOne97 Communications Ltd., is targeting a valuation of around $25 billion to $30 billion.The One97 board plans to meet this Friday to formally approve the IPO, said the person. Paytm declined to comment in response to emailed questions.If successful, Paytm’s initial share sale would surpassCoal India Ltd.’s offering, which raised more than 150 billion rupees in 2010 in the country’s largest IPO so far.Banks shortlisted to run the Paytm offering includeMorgan Stanley,Citigroup Inc.andJPMorgan Chase & Co., with Morgan Stanley the leading contender, the person said. The process is expected to get rolling in late June or early July. The banks did not immediately respond to requests for comment.The public market debut will include a mix of new and existing shares to meet regulatory obligations in India. The country’s regulations require that 10% of shares are floated within two years and 25% within five years.Paytm, led by founder and Chief Executive Officer Vijay Shekhar Sharma, has been focusing on ramping up revenue and monetizing its services over the past year. It’s expanded beyond digital payments into banking, credit cards, financial services, wealth management and digital wallets. It also supports India’s financial payments backbone, the Unified Payments Interface or UPI.Paytm has fended off stiff competition from a swath of global players includingWalmart Inc.-owned PhonePe, Google Pay,AmazonPay as well asFacebook Inc.-owned WhatsApp Pay. It has the biggest market share of India’s merchant payments.Paytm has over 20 million merchant partners and its users make 1.4 billion monthly transactions, according to numbers ina recent company blog post.In a recent conversation, CEO Sharma said Paytm had its best ever quarter in the first three months of this year after pandemic-related spending spurred digital payments.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":132430796,"gmtCreate":1622105284015,"gmtModify":1704179551080,"author":{"id":"3580887956620934","authorId":"3580887956620934","name":"Piggu","avatar":"https://static.tigerbbs.com/8c03ebb3404c09146ca26d6e53de20e7","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3580887956620934","idStr":"3580887956620934"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/132430796","repostId":1138766875,"repostType":4,"repost":{"id":"1138766875","kind":"news","pubTimestamp":1622102518,"share":"https://ttm.financial/m/news/1138766875?lang=&edition=fundamental","pubTime":"2021-05-27 16:01","market":"us","language":"en","title":"Paytm Targets $3 Billion IPO in What Would Be India’s Largest Debut","url":"https://stock-news.laohu8.com/highlight/detail?id=1138766875","media":"Bloomberg","summary":"Paytm, India’s leading digital payments provider, is aiming toraise about 218 billion rupees ($3 bil","content":"<p>Paytm, India’s leading digital payments provider, is&nbsp;aiming toraise about 218 billion rupees ($3 billion) in an initial public offering late this year, according to a person familiar with the deal, in what could be the country’s largest debut ever.</p><p>The startup, backed by investors includingBerkshire Hathaway Inc.,SoftBank Group Corp.andAnt Group Co., plans to list in India around November and its offering could coincide with the Diwali festival season, said the person, asking not to be named because the details are private. Paytm, formally calledOne97 Communications Ltd., is targeting a valuation of around $25 billion to $30 billion.</p><p>The One97 board plans to meet this Friday to formally approve the IPO, said the person. Paytm declined to comment in response to emailed questions.</p><p>If successful, Paytm’s initial share sale would surpassCoal India Ltd.’s offering, which raised more than 150 billion rupees in 2010 in the country’s largest IPO so far.</p><p>Banks shortlisted to run the Paytm offering includeMorgan Stanley,Citigroup Inc.andJPMorgan Chase &amp; Co., with Morgan Stanley the leading contender, the person said. The process is expected to get rolling in late June or early July. The banks did not immediately respond to requests for comment.</p><p>The public market debut will include a mix of new and existing shares to meet regulatory obligations in India. The country’s regulations require that 10% of shares are floated within two years and 25% within five years.</p><p>Paytm, led by founder and Chief Executive Officer Vijay Shekhar Sharma, has been focusing on ramping up revenue and monetizing its services over the past year. It’s expanded beyond digital payments into banking, credit cards, financial services, wealth management and digital wallets. It also supports India’s financial payments backbone, the Unified Payments Interface or UPI.</p><p>Paytm has fended off stiff competition from a swath of global players includingWalmart Inc.-owned PhonePe, Google Pay,AmazonPay as well asFacebook Inc.-owned WhatsApp Pay. It has the biggest market share of India’s merchant payments.</p><p>Paytm has over 20 million merchant partners and its users make 1.4 billion monthly transactions, according to numbers ina recent company blog post.</p><p>In a recent conversation, CEO Sharma said Paytm had its best ever quarter in the first three months of this year after pandemic-related spending spurred digital payments.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Paytm Targets $3 Billion IPO in What Would Be India’s Largest Debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPaytm Targets $3 Billion IPO in What Would Be India’s Largest Debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 16:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-05-27/paytm-is-said-to-target-3-billion-ipo-largest-ever-for-india><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Paytm, India’s leading digital payments provider, is aiming toraise about 218 billion rupees ($3 billion) in an initial public offering late this year, according to a person familiar with the deal, in...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-05-27/paytm-is-said-to-target-3-billion-ipo-largest-ever-for-india\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-05-27/paytm-is-said-to-target-3-billion-ipo-largest-ever-for-india","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138766875","content_text":"Paytm, India’s leading digital payments provider, is aiming toraise about 218 billion rupees ($3 billion) in an initial public offering late this year, according to a person familiar with the deal, in what could be the country’s largest debut ever.The startup, backed by investors includingBerkshire Hathaway Inc.,SoftBank Group Corp.andAnt Group Co., plans to list in India around November and its offering could coincide with the Diwali festival season, said the person, asking not to be named because the details are private. Paytm, formally calledOne97 Communications Ltd., is targeting a valuation of around $25 billion to $30 billion.The One97 board plans to meet this Friday to formally approve the IPO, said the person. Paytm declined to comment in response to emailed questions.If successful, Paytm’s initial share sale would surpassCoal India Ltd.’s offering, which raised more than 150 billion rupees in 2010 in the country’s largest IPO so far.Banks shortlisted to run the Paytm offering includeMorgan Stanley,Citigroup Inc.andJPMorgan Chase & Co., with Morgan Stanley the leading contender, the person said. The process is expected to get rolling in late June or early July. The banks did not immediately respond to requests for comment.The public market debut will include a mix of new and existing shares to meet regulatory obligations in India. The country’s regulations require that 10% of shares are floated within two years and 25% within five years.Paytm, led by founder and Chief Executive Officer Vijay Shekhar Sharma, has been focusing on ramping up revenue and monetizing its services over the past year. It’s expanded beyond digital payments into banking, credit cards, financial services, wealth management and digital wallets. It also supports India’s financial payments backbone, the Unified Payments Interface or UPI.Paytm has fended off stiff competition from a swath of global players includingWalmart Inc.-owned PhonePe, Google Pay,AmazonPay as well asFacebook Inc.-owned WhatsApp Pay. It has the biggest market share of India’s merchant payments.Paytm has over 20 million merchant partners and its users make 1.4 billion monthly transactions, according to numbers ina recent company blog post.In a recent conversation, CEO Sharma said Paytm had its best ever quarter in the first three months of this year after pandemic-related spending spurred digital payments.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":132491250,"gmtCreate":1622104759070,"gmtModify":1704179541637,"author":{"id":"3580082297864003","authorId":"3580082297864003","name":"MireyaMiya万亿丰","avatar":"https://community-static.tradeup.com/news/1124aa19e932df4e4bb55e398ab6f78a","vip":1,"crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"3580082297864003","idStr":"3580082297864003"},"htmlText":"If India has shape up by then in November,&nbsp; think can consider buying&nbsp;&nbsp;","listText":"If India has shape up by then in November,&nbsp; think can consider buying&nbsp;&nbsp;","text":"If India has shape up by then in November, think can consider buying","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/132491250","repostId":1138766875,"repostType":4,"repost":{"id":"1138766875","kind":"news","pubTimestamp":1622102518,"share":"https://ttm.financial/m/news/1138766875?lang=&edition=fundamental","pubTime":"2021-05-27 16:01","market":"us","language":"en","title":"Paytm Targets $3 Billion IPO in What Would Be India’s Largest Debut","url":"https://stock-news.laohu8.com/highlight/detail?id=1138766875","media":"Bloomberg","summary":"Paytm, India’s leading digital payments provider, is aiming toraise about 218 billion rupees ($3 bil","content":"<p>Paytm, India’s leading digital payments provider, is&nbsp;aiming toraise about 218 billion rupees ($3 billion) in an initial public offering late this year, according to a person familiar with the deal, in what could be the country’s largest debut ever.</p><p>The startup, backed by investors includingBerkshire Hathaway Inc.,SoftBank Group Corp.andAnt Group Co., plans to list in India around November and its offering could coincide with the Diwali festival season, said the person, asking not to be named because the details are private. Paytm, formally calledOne97 Communications Ltd., is targeting a valuation of around $25 billion to $30 billion.</p><p>The One97 board plans to meet this Friday to formally approve the IPO, said the person. Paytm declined to comment in response to emailed questions.</p><p>If successful, Paytm’s initial share sale would surpassCoal India Ltd.’s offering, which raised more than 150 billion rupees in 2010 in the country’s largest IPO so far.</p><p>Banks shortlisted to run the Paytm offering includeMorgan Stanley,Citigroup Inc.andJPMorgan Chase &amp; Co., with Morgan Stanley the leading contender, the person said. The process is expected to get rolling in late June or early July. The banks did not immediately respond to requests for comment.</p><p>The public market debut will include a mix of new and existing shares to meet regulatory obligations in India. The country’s regulations require that 10% of shares are floated within two years and 25% within five years.</p><p>Paytm, led by founder and Chief Executive Officer Vijay Shekhar Sharma, has been focusing on ramping up revenue and monetizing its services over the past year. It’s expanded beyond digital payments into banking, credit cards, financial services, wealth management and digital wallets. It also supports India’s financial payments backbone, the Unified Payments Interface or UPI.</p><p>Paytm has fended off stiff competition from a swath of global players includingWalmart Inc.-owned PhonePe, Google Pay,AmazonPay as well asFacebook Inc.-owned WhatsApp Pay. It has the biggest market share of India’s merchant payments.</p><p>Paytm has over 20 million merchant partners and its users make 1.4 billion monthly transactions, according to numbers ina recent company blog post.</p><p>In a recent conversation, CEO Sharma said Paytm had its best ever quarter in the first three months of this year after pandemic-related spending spurred digital payments.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Paytm Targets $3 Billion IPO in What Would Be India’s Largest Debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPaytm Targets $3 Billion IPO in What Would Be India’s Largest Debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 16:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-05-27/paytm-is-said-to-target-3-billion-ipo-largest-ever-for-india><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Paytm, India’s leading digital payments provider, is aiming toraise about 218 billion rupees ($3 billion) in an initial public offering late this year, according to a person familiar with the deal, in...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-05-27/paytm-is-said-to-target-3-billion-ipo-largest-ever-for-india\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-05-27/paytm-is-said-to-target-3-billion-ipo-largest-ever-for-india","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138766875","content_text":"Paytm, India’s leading digital payments provider, is aiming toraise about 218 billion rupees ($3 billion) in an initial public offering late this year, according to a person familiar with the deal, in what could be the country’s largest debut ever.The startup, backed by investors includingBerkshire Hathaway Inc.,SoftBank Group Corp.andAnt Group Co., plans to list in India around November and its offering could coincide with the Diwali festival season, said the person, asking not to be named because the details are private. Paytm, formally calledOne97 Communications Ltd., is targeting a valuation of around $25 billion to $30 billion.The One97 board plans to meet this Friday to formally approve the IPO, said the person. Paytm declined to comment in response to emailed questions.If successful, Paytm’s initial share sale would surpassCoal India Ltd.’s offering, which raised more than 150 billion rupees in 2010 in the country’s largest IPO so far.Banks shortlisted to run the Paytm offering includeMorgan Stanley,Citigroup Inc.andJPMorgan Chase & Co., with Morgan Stanley the leading contender, the person said. The process is expected to get rolling in late June or early July. The banks did not immediately respond to requests for comment.The public market debut will include a mix of new and existing shares to meet regulatory obligations in India. The country’s regulations require that 10% of shares are floated within two years and 25% within five years.Paytm, led by founder and Chief Executive Officer Vijay Shekhar Sharma, has been focusing on ramping up revenue and monetizing its services over the past year. It’s expanded beyond digital payments into banking, credit cards, financial services, wealth management and digital wallets. It also supports India’s financial payments backbone, the Unified Payments Interface or UPI.Paytm has fended off stiff competition from a swath of global players includingWalmart Inc.-owned PhonePe, Google Pay,AmazonPay as well asFacebook Inc.-owned WhatsApp Pay. It has the biggest market share of India’s merchant payments.Paytm has over 20 million merchant partners and its users make 1.4 billion monthly transactions, according to numbers ina recent company blog post.In a recent conversation, CEO Sharma said Paytm had its best ever quarter in the first three months of this year after pandemic-related spending spurred digital payments.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":132407688,"gmtCreate":1622104373044,"gmtModify":1704179536418,"author":{"id":"3580728618221542","authorId":"3580728618221542","name":"Joq3","avatar":"https://static.tigerbbs.com/d6c74d6579de4c1c51d504c2c738ef80","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3580728618221542","idStr":"3580728618221542"},"htmlText":"Like and comment pls","listText":"Like and comment pls","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/132407688","repostId":1138766875,"repostType":4,"repost":{"id":"1138766875","kind":"news","pubTimestamp":1622102518,"share":"https://ttm.financial/m/news/1138766875?lang=&edition=fundamental","pubTime":"2021-05-27 16:01","market":"us","language":"en","title":"Paytm Targets $3 Billion IPO in What Would Be India’s Largest Debut","url":"https://stock-news.laohu8.com/highlight/detail?id=1138766875","media":"Bloomberg","summary":"Paytm, India’s leading digital payments provider, is aiming toraise about 218 billion rupees ($3 bil","content":"<p>Paytm, India’s leading digital payments provider, is&nbsp;aiming toraise about 218 billion rupees ($3 billion) in an initial public offering late this year, according to a person familiar with the deal, in what could be the country’s largest debut ever.</p><p>The startup, backed by investors includingBerkshire Hathaway Inc.,SoftBank Group Corp.andAnt Group Co., plans to list in India around November and its offering could coincide with the Diwali festival season, said the person, asking not to be named because the details are private. Paytm, formally calledOne97 Communications Ltd., is targeting a valuation of around $25 billion to $30 billion.</p><p>The One97 board plans to meet this Friday to formally approve the IPO, said the person. Paytm declined to comment in response to emailed questions.</p><p>If successful, Paytm’s initial share sale would surpassCoal India Ltd.’s offering, which raised more than 150 billion rupees in 2010 in the country’s largest IPO so far.</p><p>Banks shortlisted to run the Paytm offering includeMorgan Stanley,Citigroup Inc.andJPMorgan Chase &amp; Co., with Morgan Stanley the leading contender, the person said. The process is expected to get rolling in late June or early July. The banks did not immediately respond to requests for comment.</p><p>The public market debut will include a mix of new and existing shares to meet regulatory obligations in India. The country’s regulations require that 10% of shares are floated within two years and 25% within five years.</p><p>Paytm, led by founder and Chief Executive Officer Vijay Shekhar Sharma, has been focusing on ramping up revenue and monetizing its services over the past year. It’s expanded beyond digital payments into banking, credit cards, financial services, wealth management and digital wallets. It also supports India’s financial payments backbone, the Unified Payments Interface or UPI.</p><p>Paytm has fended off stiff competition from a swath of global players includingWalmart Inc.-owned PhonePe, Google Pay,AmazonPay as well asFacebook Inc.-owned WhatsApp Pay. It has the biggest market share of India’s merchant payments.</p><p>Paytm has over 20 million merchant partners and its users make 1.4 billion monthly transactions, according to numbers ina recent company blog post.</p><p>In a recent conversation, CEO Sharma said Paytm had its best ever quarter in the first three months of this year after pandemic-related spending spurred digital payments.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Paytm Targets $3 Billion IPO in What Would Be India’s Largest Debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPaytm Targets $3 Billion IPO in What Would Be India’s Largest Debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 16:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-05-27/paytm-is-said-to-target-3-billion-ipo-largest-ever-for-india><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Paytm, India’s leading digital payments provider, is aiming toraise about 218 billion rupees ($3 billion) in an initial public offering late this year, according to a person familiar with the deal, in...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-05-27/paytm-is-said-to-target-3-billion-ipo-largest-ever-for-india\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-05-27/paytm-is-said-to-target-3-billion-ipo-largest-ever-for-india","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138766875","content_text":"Paytm, India’s leading digital payments provider, is aiming toraise about 218 billion rupees ($3 billion) in an initial public offering late this year, according to a person familiar with the deal, in what could be the country’s largest debut ever.The startup, backed by investors includingBerkshire Hathaway Inc.,SoftBank Group Corp.andAnt Group Co., plans to list in India around November and its offering could coincide with the Diwali festival season, said the person, asking not to be named because the details are private. Paytm, formally calledOne97 Communications Ltd., is targeting a valuation of around $25 billion to $30 billion.The One97 board plans to meet this Friday to formally approve the IPO, said the person. Paytm declined to comment in response to emailed questions.If successful, Paytm’s initial share sale would surpassCoal India Ltd.’s offering, which raised more than 150 billion rupees in 2010 in the country’s largest IPO so far.Banks shortlisted to run the Paytm offering includeMorgan Stanley,Citigroup Inc.andJPMorgan Chase & Co., with Morgan Stanley the leading contender, the person said. The process is expected to get rolling in late June or early July. The banks did not immediately respond to requests for comment.The public market debut will include a mix of new and existing shares to meet regulatory obligations in India. The country’s regulations require that 10% of shares are floated within two years and 25% within five years.Paytm, led by founder and Chief Executive Officer Vijay Shekhar Sharma, has been focusing on ramping up revenue and monetizing its services over the past year. It’s expanded beyond digital payments into banking, credit cards, financial services, wealth management and digital wallets. It also supports India’s financial payments backbone, the Unified Payments Interface or UPI.Paytm has fended off stiff competition from a swath of global players includingWalmart Inc.-owned PhonePe, Google Pay,AmazonPay as well asFacebook Inc.-owned WhatsApp Pay. It has the biggest market share of India’s merchant payments.Paytm has over 20 million merchant partners and its users make 1.4 billion monthly transactions, according to numbers ina recent company blog post.In a recent conversation, CEO Sharma said Paytm had its best ever quarter in the first three months of this year after pandemic-related spending spurred digital payments.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4473814,"gmtCreate":1622133516642,"gmtModify":1680791389695,"authorId":3580728618221542,"author":{"id":3580728618221542,"idStr":"3580728618221542","authorId":3580728618221542,"name":"Joq3","avatar":"https://static.tigerbbs.com/d6c74d6579de4c1c51d504c2c738ef80","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132407688,"type":1,"supId":4471363,"prevId":0,"content":"done","text":"done","html":"done"},{"id":4471363,"gmtCreate":1622121206445,"gmtModify":1680791350850,"authorId":3582536161998625,"author":{"id":3582536161998625,"idStr":"3582536161998625","authorId":3582536161998625,"name":"Helloitisme","avatar":"https://static.tigerbbs.com/e375924062a8c90ffe30258648fef13f","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132407688,"type":1,"supId":0,"prevId":0,"content":"Can like and comment back? Thanks!","text":"Can like and comment back? Thanks!","html":"Can like and comment back? Thanks!"},{"id":4470109,"gmtCreate":1622111195928,"gmtModify":1680791331283,"authorId":3566821013640470,"author":{"id":3566821013640470,"idStr":"3566821013640470","authorId":3566821013640470,"name":"Jazling","avatar":"https://static.tigerbbs.com/85e0a83573d9307f57fca9b2baed72af","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.25","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132407688,"type":1,"supId":0,"prevId":0,"content":"ResponD pLs","text":"ResponD pLs","html":"ResponD pLs"},{"id":4469239,"gmtCreate":1622104989307,"gmtModify":1680791313786,"authorId":3581588273839000,"author":{"id":3581588273839000,"idStr":"3581588273839000","authorId":3581588273839000,"name":"Huiz84","avatar":"https://static.tigerbbs.com/f08fa2ff19e67d46965d8a74d007f6b8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132407688,"type":1,"supId":0,"prevId":0,"content":"Commented\n<br>Pls reply back to comment thanks","text":"Commented\n<br>Pls reply back to comment thanks","html":"Commented\n<br>Pls reply back to comment thanks"},{"id":4469218,"gmtCreate":1622104913143,"gmtModify":1680791313018,"authorId":3578278614559162,"author":{"id":3578278614559162,"idStr":"3578278614559162","authorId":3578278614559162,"name":"Muppy","avatar":"https://static.tigerbbs.com/51bd92f5e7a1327b1a0a9b7333dafa96","vip":1,"currentWearingBadge":{"badgeId":"23f878ed27704312ae41c7f17e73b319-4","templateUuid":"23f878ed27704312ae41c7f17e73b319","name":"Annualised return","description":"Top 10%","bigImgUrl":"https://community-static.tradeup.com/news/15d4b5a89fa218ed3a35da1a05874cf6","smallImgUrl":"https://community-static.tradeup.com/news/16e2b28d75d7746886400fad4f4ec3e3","grayImgUrl":"https://community-static.tradeup.com/news/6f578d36f80e1a3d9c705f395e522048","redirectLinkEnabled":0,"redirectLink":"https://www.tigerbrokers.com.sg/activity/market/2023/stock-contest?adcode=StockContest2023","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.07.16","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":5300},"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132407688,"type":1,"supId":0,"prevId":0,"content":"liked","text":"liked","html":"liked"}],"langContent":"EN"},{"id":132409592,"gmtCreate":1622103862916,"gmtModify":1704179525796,"author":{"id":"3581844366704770","authorId":"3581844366704770","name":"KingKong88","avatar":"https://static.tigerbbs.com/ca221e1f8c3c6fd2bccd3f8d4d7b5bdb","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3581844366704770","idStr":"3581844366704770"},"htmlText":"Paypal of India?","listText":"Paypal of India?","text":"Paypal of India?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/132409592","repostId":1138766875,"repostType":4,"repost":{"id":"1138766875","kind":"news","pubTimestamp":1622102518,"share":"https://ttm.financial/m/news/1138766875?lang=&edition=fundamental","pubTime":"2021-05-27 16:01","market":"us","language":"en","title":"Paytm Targets $3 Billion IPO in What Would Be India’s Largest Debut","url":"https://stock-news.laohu8.com/highlight/detail?id=1138766875","media":"Bloomberg","summary":"Paytm, India’s leading digital payments provider, is aiming toraise about 218 billion rupees ($3 bil","content":"<p>Paytm, India’s leading digital payments provider, is&nbsp;aiming toraise about 218 billion rupees ($3 billion) in an initial public offering late this year, according to a person familiar with the deal, in what could be the country’s largest debut ever.</p><p>The startup, backed by investors includingBerkshire Hathaway Inc.,SoftBank Group Corp.andAnt Group Co., plans to list in India around November and its offering could coincide with the Diwali festival season, said the person, asking not to be named because the details are private. Paytm, formally calledOne97 Communications Ltd., is targeting a valuation of around $25 billion to $30 billion.</p><p>The One97 board plans to meet this Friday to formally approve the IPO, said the person. Paytm declined to comment in response to emailed questions.</p><p>If successful, Paytm’s initial share sale would surpassCoal India Ltd.’s offering, which raised more than 150 billion rupees in 2010 in the country’s largest IPO so far.</p><p>Banks shortlisted to run the Paytm offering includeMorgan Stanley,Citigroup Inc.andJPMorgan Chase &amp; Co., with Morgan Stanley the leading contender, the person said. The process is expected to get rolling in late June or early July. The banks did not immediately respond to requests for comment.</p><p>The public market debut will include a mix of new and existing shares to meet regulatory obligations in India. The country’s regulations require that 10% of shares are floated within two years and 25% within five years.</p><p>Paytm, led by founder and Chief Executive Officer Vijay Shekhar Sharma, has been focusing on ramping up revenue and monetizing its services over the past year. It’s expanded beyond digital payments into banking, credit cards, financial services, wealth management and digital wallets. It also supports India’s financial payments backbone, the Unified Payments Interface or UPI.</p><p>Paytm has fended off stiff competition from a swath of global players includingWalmart Inc.-owned PhonePe, Google Pay,AmazonPay as well asFacebook Inc.-owned WhatsApp Pay. It has the biggest market share of India’s merchant payments.</p><p>Paytm has over 20 million merchant partners and its users make 1.4 billion monthly transactions, according to numbers ina recent company blog post.</p><p>In a recent conversation, CEO Sharma said Paytm had its best ever quarter in the first three months of this year after pandemic-related spending spurred digital payments.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Paytm Targets $3 Billion IPO in What Would Be India’s Largest Debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPaytm Targets $3 Billion IPO in What Would Be India’s Largest Debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 16:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-05-27/paytm-is-said-to-target-3-billion-ipo-largest-ever-for-india><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Paytm, India’s leading digital payments provider, is aiming toraise about 218 billion rupees ($3 billion) in an initial public offering late this year, according to a person familiar with the deal, in...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-05-27/paytm-is-said-to-target-3-billion-ipo-largest-ever-for-india\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-05-27/paytm-is-said-to-target-3-billion-ipo-largest-ever-for-india","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138766875","content_text":"Paytm, India’s leading digital payments provider, is aiming toraise about 218 billion rupees ($3 billion) in an initial public offering late this year, according to a person familiar with the deal, in what could be the country’s largest debut ever.The startup, backed by investors includingBerkshire Hathaway Inc.,SoftBank Group Corp.andAnt Group Co., plans to list in India around November and its offering could coincide with the Diwali festival season, said the person, asking not to be named because the details are private. Paytm, formally calledOne97 Communications Ltd., is targeting a valuation of around $25 billion to $30 billion.The One97 board plans to meet this Friday to formally approve the IPO, said the person. Paytm declined to comment in response to emailed questions.If successful, Paytm’s initial share sale would surpassCoal India Ltd.’s offering, which raised more than 150 billion rupees in 2010 in the country’s largest IPO so far.Banks shortlisted to run the Paytm offering includeMorgan Stanley,Citigroup Inc.andJPMorgan Chase & Co., with Morgan Stanley the leading contender, the person said. The process is expected to get rolling in late June or early July. The banks did not immediately respond to requests for comment.The public market debut will include a mix of new and existing shares to meet regulatory obligations in India. The country’s regulations require that 10% of shares are floated within two years and 25% within five years.Paytm, led by founder and Chief Executive Officer Vijay Shekhar Sharma, has been focusing on ramping up revenue and monetizing its services over the past year. It’s expanded beyond digital payments into banking, credit cards, financial services, wealth management and digital wallets. It also supports India’s financial payments backbone, the Unified Payments Interface or UPI.Paytm has fended off stiff competition from a swath of global players includingWalmart Inc.-owned PhonePe, Google Pay,AmazonPay as well asFacebook Inc.-owned WhatsApp Pay. It has the biggest market share of India’s merchant payments.Paytm has over 20 million merchant partners and its users make 1.4 billion monthly transactions, according to numbers ina recent company blog post.In a recent conversation, CEO Sharma said Paytm had its best ever quarter in the first three months of this year after pandemic-related spending spurred digital payments.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4469276,"gmtCreate":1622105198081,"gmtModify":1680791314771,"authorId":3555136548043615,"author":{"id":3555136548043615,"idStr":"3555136548043615","authorId":3555136548043615,"name":"Gee1","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132409592,"type":1,"supId":0,"prevId":0,"content":"i am hopeful","text":"i am hopeful","html":"i am hopeful"},{"id":4469219,"gmtCreate":1622104920152,"gmtModify":1680791314694,"authorId":3578278614559162,"author":{"id":3578278614559162,"idStr":"3578278614559162","authorId":3578278614559162,"name":"Muppy","avatar":"https://static.tigerbbs.com/51bd92f5e7a1327b1a0a9b7333dafa96","vip":1,"currentWearingBadge":{"badgeId":"23f878ed27704312ae41c7f17e73b319-4","templateUuid":"23f878ed27704312ae41c7f17e73b319","name":"Annualised return","description":"Top 10%","bigImgUrl":"https://community-static.tradeup.com/news/15d4b5a89fa218ed3a35da1a05874cf6","smallImgUrl":"https://community-static.tradeup.com/news/16e2b28d75d7746886400fad4f4ec3e3","grayImgUrl":"https://community-static.tradeup.com/news/6f578d36f80e1a3d9c705f395e522048","redirectLinkEnabled":0,"redirectLink":"https://www.tigerbrokers.com.sg/activity/market/2023/stock-contest?adcode=StockContest2023","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.07.16","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":5300},"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132409592,"type":1,"supId":0,"prevId":0,"content":"perhaps","text":"perhaps","html":"perhaps"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":72,"commentSize":22,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1138766875"}