SoftBank-Backed Paytm Targets Record $2.2 Billion India IPO

72
5
Favorite

SoftBank-Backed Paytm Targets Record $2.2 Billion India IPO

Bloomberg2021-07-16

(Bloomberg) -- Paytm, the Indian digital payments pioneer backed by SoftBank Group Corp., is seeking approval for a $2.2 billion initial public offering that could be India’s largest. The startup ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（5）

KS_Lee
·2021-07-16
Definitely the next biggest market after China at Asia.
Reply
Like
Report
Fold Replies
- LnP:
  Looks like India rupee Currency is depreciated
  2021-07-16
  Reply
  Report
vincent1wwb
·2021-07-16
Good
Reply
3
Report
Fold Replies
- Mookey:
  Yes
  2021-07-16
  Reply
  Report
Dennis1015
·2021-07-16
hi..pls like me thanks
Reply
2
Report
ac1887
·2021-07-16
Good
Reply
6
Report
Fold Replies
- Hamsterwan:
  hahaha
  2021-07-16
  Reply
  Report
- Black83black:
  ??
  2021-07-16
  Reply
  Report
VijayaKumar
·2021-07-16
[強]
Reply
Like
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1175495442?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-07-16 15:21","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1175495442","market":"us","top_or_hot":-1,"title":"SoftBank-Backed Paytm Targets Record $2.2 Billion India IPO","media":"Bloomberg","content":"<div>\n<p>(Bloomberg) -- Paytm, the Indian digital payments pioneer backed by SoftBank Group Corp., is seeking approval for a $2.2 billion initial public offering that could be India’s largest.\nThe startup ...</p>\n\n<a href=\"https://finance.yahoo.com/news/india-paytm-seeks-approval-2-053722734.html\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","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>SoftBank-Backed Paytm Targets Record $2.2 Billion India IPO</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\">\nSoftBank-Backed Paytm Targets Record $2.2 Billion India IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-16 15:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/india-paytm-seeks-approval-2-053722734.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Paytm, the Indian digital payments pioneer backed by SoftBank Group Corp., is seeking approval for a $2.2 billion initial public offering that could be India’s largest.\nThe startup ...</p>\n\n<a href=\"https://finance.yahoo.com/news/india-paytm-seeks-approval-2-053722734.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".SPX","symbol_name":"S&P 500 Index","start_time":0,"source_url":"https://finance.yahoo.com/news/india-paytm-seeks-approval-2-053722734.html","article_id":"1175495442","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1175495442","pubTimestamp":1626420088,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"(Bloomberg) -- Paytm, the Indian digital payments pioneer backed by SoftBank Group Corp., is seeking","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯"},"translate_title":"软银支持的Paytm目标在印度IPO创纪录22亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"SPY":0.9},"content_text":"(Bloomberg) -- Paytm, the Indian digital payments pioneer backed by SoftBank Group Corp., is seeking approval for a $2.2 billion initial public offering that could be India’s largest.\nThe startup backed also by Berkshire Hathaway Inc. and Jack Ma’s Ant Group Co. plans to raise as much as 166 billion rupees ($2.2 billion) from its share sale. The IPO will include an equal amount of new and secondary shares, according to a Draft Red Herring Prospectus filed with the regulator on Friday.\nFormally called One97 Communications Ltd., Paytm hopes to tap the same strong investor demand that’s propping up fellow unicorn Zomato Ltd.’s hugely popular share sale. That’s despite the company reporting Friday a 10% drop in revenue during the year ended March 2021, after intensifying competition from Walmart Inc.’s Flipkart and Amazon.com Inc. cut its e-commerce and cloud sales by the same amount. Its core payment and financial services arm, however, grew 11%.\nPaytm hopes to capitalize on the rising popularity among investors of internet-based consumer companies, after the pandemic fueled the worldwide adoption of digital technologies. Blackrock Inc. and Fidelity International Ltd. were among the dozens of anchor investors that piled into Zomato’s float, resulting in the company receiving about 35 times more bids than it had expected to sell, people with knowledge of the matter said earlier.\nRead more: Zomato $1.3 Billion IPO Fully Sold as India Unicorns Line Up\nZomato and Paytm are coming to a market already enjoying blockbuster listings for a few months. About $5.6 billion has been raised in initial public offerings on Indian stock exchanges so far in 2021, according to data compiled by Bloomberg. UBS Group AG expects the annual tally to be more than double last year’s $4.6 billion.\nPaytm was last valued at $16 billion, according to researcher CB Insights. If it hits its target, the IPO would be the country’s largest stock market debut ever, surpassing the more than 150 billion rupees raised during the debut of state-owned Coal India Ltd.\nBanks including Morgan Stanley, Goldman Sachs Group Inc., Citigroup Inc. are running the share sale. Paytm may consider a pre-IPO placement of up to 20 billion rupees, it said.\nPaytm, 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. Its Paytm Mall, however, has in past years steadily ceded share to Flipkart and Amazon, which are aggressively courting merchants and buyers.\nIn fintech, Paytm has fended off stiff competition from a swath of global players including Walmart-owned PhonePe, Google Pay, Amazon Pay as well as Facebook Inc.’s WhatsApp Pay. It still has the biggest market share of India’s merchant payments, with over 20 million merchant partners in its network. Its users make 1.4 billion monthly transactions, according to numbers in a recent company blogpost.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":170608456,"gmtCreate":1626424125175,"gmtModify":1703759904229,"author":{"id":"3579578865458065","authorId":"3579578865458065","name":"KS_Lee","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579578865458065","authorIdStr":"3579578865458065"},"htmlText":"Definitely the next biggest market after China at Asia.&nbsp;","listText":"Definitely the next biggest market after China at Asia.&nbsp;","text":"Definitely the next biggest market after China at Asia.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/170608456","repostId":1175495442,"repostType":4,"repost":{"id":"1175495442","kind":"news","pubTimestamp":1626420088,"share":"https://ttm.financial/m/news/1175495442?lang=&edition=fundamental","pubTime":"2021-07-16 15:21","market":"us","language":"en","title":"SoftBank-Backed Paytm Targets Record $2.2 Billion India IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1175495442","media":"Bloomberg","summary":"(Bloomberg) -- Paytm, the Indian digital payments pioneer backed by SoftBank Group Corp., is seeking","content":"<p>(Bloomberg) -- Paytm, the Indian digital payments pioneer backed by SoftBank Group Corp., is seeking approval for a $2.2 billion initial public offering that could be India’s largest.</p>\n<p>The startup backed also by Berkshire Hathaway Inc. and Jack Ma’s Ant Group Co. plans to raise as much as 166 billion rupees ($2.2 billion) from its share sale. The IPO will include an equal amount of new and secondary shares, according to a Draft Red Herring Prospectus filed with the regulator on Friday.</p>\n<p>Formally called One97 Communications Ltd., Paytm hopes to tap the same strong investor demand that’s propping up fellow unicorn Zomato Ltd.’s hugely popular share sale. That’s despite the company reporting Friday a 10% drop in revenue during the year ended March 2021, after intensifying competition from Walmart Inc.’s Flipkart and Amazon.com Inc. cut its e-commerce and cloud sales by the same amount. Its core payment and financial services arm, however, grew 11%.</p>\n<p>Paytm hopes to capitalize on the rising popularity among investors of internet-based consumer companies, after the pandemic fueled the worldwide adoption of digital technologies. Blackrock Inc. and Fidelity International Ltd. were among the dozens of anchor investors that piled into Zomato’s float, resulting in the company receiving about 35 times more bids than it had expected to sell, people with knowledge of the matter said earlier.</p>\n<p>Read more: Zomato $1.3 Billion IPO Fully Sold as India Unicorns Line Up</p>\n<p>Zomato and Paytm are coming to a market already enjoying blockbuster listings for a few months. About $5.6 billion has been raised in initial public offerings on Indian stock exchanges so far in 2021, according to data compiled by Bloomberg. UBS Group AG expects the annual tally to be more than double last year’s $4.6 billion.</p>\n<p>Paytm was last valued at $16 billion, according to researcher CB Insights. If it hits its target, the IPO would be the country’s largest stock market debut ever, surpassing the more than 150 billion rupees raised during the debut of state-owned Coal India Ltd.</p>\n<p>Banks including Morgan Stanley, Goldman Sachs Group Inc., Citigroup Inc. are running the share sale. Paytm may consider a pre-IPO placement of up to 20 billion rupees, it said.</p>\n<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. Its Paytm Mall, however, has in past years steadily ceded share to Flipkart and Amazon, which are aggressively courting merchants and buyers.</p>\n<p>In fintech, Paytm has fended off stiff competition from a swath of global players including Walmart-owned PhonePe, Google Pay, Amazon Pay as well as Facebook Inc.’s WhatsApp Pay. It still has the biggest market share of India’s merchant payments, with over 20 million merchant partners in its network. Its users make 1.4 billion monthly transactions, according to numbers in a recent company blogpost.</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>SoftBank-Backed Paytm Targets Record $2.2 Billion India IPO</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\">\nSoftBank-Backed Paytm Targets Record $2.2 Billion India IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-16 15:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/india-paytm-seeks-approval-2-053722734.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Paytm, the Indian digital payments pioneer backed by SoftBank Group Corp., is seeking approval for a $2.2 billion initial public offering that could be India’s largest.\nThe startup ...</p>\n\n<a href=\"https://finance.yahoo.com/news/india-paytm-seeks-approval-2-053722734.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯","SPY":"标普500ETF",".SPX":"S&P 500 Index"},"source_url":"https://finance.yahoo.com/news/india-paytm-seeks-approval-2-053722734.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175495442","content_text":"(Bloomberg) -- Paytm, the Indian digital payments pioneer backed by SoftBank Group Corp., is seeking approval for a $2.2 billion initial public offering that could be India’s largest.\nThe startup backed also by Berkshire Hathaway Inc. and Jack Ma’s Ant Group Co. plans to raise as much as 166 billion rupees ($2.2 billion) from its share sale. The IPO will include an equal amount of new and secondary shares, according to a Draft Red Herring Prospectus filed with the regulator on Friday.\nFormally called One97 Communications Ltd., Paytm hopes to tap the same strong investor demand that’s propping up fellow unicorn Zomato Ltd.’s hugely popular share sale. That’s despite the company reporting Friday a 10% drop in revenue during the year ended March 2021, after intensifying competition from Walmart Inc.’s Flipkart and Amazon.com Inc. cut its e-commerce and cloud sales by the same amount. Its core payment and financial services arm, however, grew 11%.\nPaytm hopes to capitalize on the rising popularity among investors of internet-based consumer companies, after the pandemic fueled the worldwide adoption of digital technologies. Blackrock Inc. and Fidelity International Ltd. were among the dozens of anchor investors that piled into Zomato’s float, resulting in the company receiving about 35 times more bids than it had expected to sell, people with knowledge of the matter said earlier.\nRead more: Zomato $1.3 Billion IPO Fully Sold as India Unicorns Line Up\nZomato and Paytm are coming to a market already enjoying blockbuster listings for a few months. About $5.6 billion has been raised in initial public offerings on Indian stock exchanges so far in 2021, according to data compiled by Bloomberg. UBS Group AG expects the annual tally to be more than double last year’s $4.6 billion.\nPaytm was last valued at $16 billion, according to researcher CB Insights. If it hits its target, the IPO would be the country’s largest stock market debut ever, surpassing the more than 150 billion rupees raised during the debut of state-owned Coal India Ltd.\nBanks including Morgan Stanley, Goldman Sachs Group Inc., Citigroup Inc. are running the share sale. Paytm may consider a pre-IPO placement of up to 20 billion rupees, it said.\nPaytm, 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. Its Paytm Mall, however, has in past years steadily ceded share to Flipkart and Amazon, which are aggressively courting merchants and buyers.\nIn fintech, Paytm has fended off stiff competition from a swath of global players including Walmart-owned PhonePe, Google Pay, Amazon Pay as well as Facebook Inc.’s WhatsApp Pay. It still has the biggest market share of India’s merchant payments, with over 20 million merchant partners in its network. Its users make 1.4 billion monthly transactions, according to numbers in a recent company blogpost.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5239843,"gmtCreate":1626439566132,"gmtModify":1663231059226,"authorId":3585637503855433,"author":{"id":3585637503855433,"idStr":"3585637503855433","authorId":3585637503855433,"name":"LnP","avatar":"https://static.tigerbbs.com/2fba0ec45b68bd78f8c489be018b5c2b","vip":1,"crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":170608456,"type":1,"supId":0,"prevId":0,"content":"Looks like India rupee Currency is depreciated ","text":"Looks like India rupee Currency is depreciated ","html":"Looks like India rupee Currency is depreciated "}],"langContent":"EN"},{"id":170825722,"gmtCreate":1626421814866,"gmtModify":1703759851056,"author":{"id":"3579320341894615","authorId":"3579320341894615","name":"vincent1wwb","avatar":"https://static.tigerbbs.com/3f63496cde8e0a73b0e84dbcd4eea6c2","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3579320341894615","authorIdStr":"3579320341894615"},"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/170825722","repostId":1175495442,"repostType":4,"repost":{"id":"1175495442","kind":"news","pubTimestamp":1626420088,"share":"https://ttm.financial/m/news/1175495442?lang=&edition=fundamental","pubTime":"2021-07-16 15:21","market":"us","language":"en","title":"SoftBank-Backed Paytm Targets Record $2.2 Billion India IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1175495442","media":"Bloomberg","summary":"(Bloomberg) -- Paytm, the Indian digital payments pioneer backed by SoftBank Group Corp., is seeking","content":"<p>(Bloomberg) -- Paytm, the Indian digital payments pioneer backed by SoftBank Group Corp., is seeking approval for a $2.2 billion initial public offering that could be India’s largest.</p>\n<p>The startup backed also by Berkshire Hathaway Inc. and Jack Ma’s Ant Group Co. plans to raise as much as 166 billion rupees ($2.2 billion) from its share sale. The IPO will include an equal amount of new and secondary shares, according to a Draft Red Herring Prospectus filed with the regulator on Friday.</p>\n<p>Formally called One97 Communications Ltd., Paytm hopes to tap the same strong investor demand that’s propping up fellow unicorn Zomato Ltd.’s hugely popular share sale. That’s despite the company reporting Friday a 10% drop in revenue during the year ended March 2021, after intensifying competition from Walmart Inc.’s Flipkart and Amazon.com Inc. cut its e-commerce and cloud sales by the same amount. Its core payment and financial services arm, however, grew 11%.</p>\n<p>Paytm hopes to capitalize on the rising popularity among investors of internet-based consumer companies, after the pandemic fueled the worldwide adoption of digital technologies. Blackrock Inc. and Fidelity International Ltd. were among the dozens of anchor investors that piled into Zomato’s float, resulting in the company receiving about 35 times more bids than it had expected to sell, people with knowledge of the matter said earlier.</p>\n<p>Read more: Zomato $1.3 Billion IPO Fully Sold as India Unicorns Line Up</p>\n<p>Zomato and Paytm are coming to a market already enjoying blockbuster listings for a few months. About $5.6 billion has been raised in initial public offerings on Indian stock exchanges so far in 2021, according to data compiled by Bloomberg. UBS Group AG expects the annual tally to be more than double last year’s $4.6 billion.</p>\n<p>Paytm was last valued at $16 billion, according to researcher CB Insights. If it hits its target, the IPO would be the country’s largest stock market debut ever, surpassing the more than 150 billion rupees raised during the debut of state-owned Coal India Ltd.</p>\n<p>Banks including Morgan Stanley, Goldman Sachs Group Inc., Citigroup Inc. are running the share sale. Paytm may consider a pre-IPO placement of up to 20 billion rupees, it said.</p>\n<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. Its Paytm Mall, however, has in past years steadily ceded share to Flipkart and Amazon, which are aggressively courting merchants and buyers.</p>\n<p>In fintech, Paytm has fended off stiff competition from a swath of global players including Walmart-owned PhonePe, Google Pay, Amazon Pay as well as Facebook Inc.’s WhatsApp Pay. It still has the biggest market share of India’s merchant payments, with over 20 million merchant partners in its network. Its users make 1.4 billion monthly transactions, according to numbers in a recent company blogpost.</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>SoftBank-Backed Paytm Targets Record $2.2 Billion India IPO</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\">\nSoftBank-Backed Paytm Targets Record $2.2 Billion India IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-16 15:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/india-paytm-seeks-approval-2-053722734.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Paytm, the Indian digital payments pioneer backed by SoftBank Group Corp., is seeking approval for a $2.2 billion initial public offering that could be India’s largest.\nThe startup ...</p>\n\n<a href=\"https://finance.yahoo.com/news/india-paytm-seeks-approval-2-053722734.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯","SPY":"标普500ETF",".SPX":"S&P 500 Index"},"source_url":"https://finance.yahoo.com/news/india-paytm-seeks-approval-2-053722734.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175495442","content_text":"(Bloomberg) -- Paytm, the Indian digital payments pioneer backed by SoftBank Group Corp., is seeking approval for a $2.2 billion initial public offering that could be India’s largest.\nThe startup backed also by Berkshire Hathaway Inc. and Jack Ma’s Ant Group Co. plans to raise as much as 166 billion rupees ($2.2 billion) from its share sale. The IPO will include an equal amount of new and secondary shares, according to a Draft Red Herring Prospectus filed with the regulator on Friday.\nFormally called One97 Communications Ltd., Paytm hopes to tap the same strong investor demand that’s propping up fellow unicorn Zomato Ltd.’s hugely popular share sale. That’s despite the company reporting Friday a 10% drop in revenue during the year ended March 2021, after intensifying competition from Walmart Inc.’s Flipkart and Amazon.com Inc. cut its e-commerce and cloud sales by the same amount. Its core payment and financial services arm, however, grew 11%.\nPaytm hopes to capitalize on the rising popularity among investors of internet-based consumer companies, after the pandemic fueled the worldwide adoption of digital technologies. Blackrock Inc. and Fidelity International Ltd. were among the dozens of anchor investors that piled into Zomato’s float, resulting in the company receiving about 35 times more bids than it had expected to sell, people with knowledge of the matter said earlier.\nRead more: Zomato $1.3 Billion IPO Fully Sold as India Unicorns Line Up\nZomato and Paytm are coming to a market already enjoying blockbuster listings for a few months. About $5.6 billion has been raised in initial public offerings on Indian stock exchanges so far in 2021, according to data compiled by Bloomberg. UBS Group AG expects the annual tally to be more than double last year’s $4.6 billion.\nPaytm was last valued at $16 billion, according to researcher CB Insights. If it hits its target, the IPO would be the country’s largest stock market debut ever, surpassing the more than 150 billion rupees raised during the debut of state-owned Coal India Ltd.\nBanks including Morgan Stanley, Goldman Sachs Group Inc., Citigroup Inc. are running the share sale. Paytm may consider a pre-IPO placement of up to 20 billion rupees, it said.\nPaytm, 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. Its Paytm Mall, however, has in past years steadily ceded share to Flipkart and Amazon, which are aggressively courting merchants and buyers.\nIn fintech, Paytm has fended off stiff competition from a swath of global players including Walmart-owned PhonePe, Google Pay, Amazon Pay as well as Facebook Inc.’s WhatsApp Pay. It still has the biggest market share of India’s merchant payments, with over 20 million merchant partners in its network. Its users make 1.4 billion monthly transactions, according to numbers in a recent company blogpost.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5237941,"gmtCreate":1626422563648,"gmtModify":1663231053532,"authorId":3555033693588783,"author":{"id":3555033693588783,"idStr":"3555033693588783","authorId":3555033693588783,"name":"Mookey","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":170825722,"type":1,"supId":0,"prevId":0,"content":"Yes","text":"Yes","html":"Yes"}],"langContent":"EN"},{"id":170826788,"gmtCreate":1626421646444,"gmtModify":1703759848616,"author":{"id":"3585134583010792","authorId":"3585134583010792","name":"Dennis1015","avatar":"https://community-static.tradeup.com/news/fdbe6b2d7bf6c9620daf7480e8b27bde","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3585134583010792","authorIdStr":"3585134583010792"},"htmlText":"hi..pls like me thanks&nbsp;","listText":"hi..pls like me thanks&nbsp;","text":"hi..pls like me thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/170826788","repostId":1175495442,"repostType":4,"repost":{"id":"1175495442","kind":"news","pubTimestamp":1626420088,"share":"https://ttm.financial/m/news/1175495442?lang=&edition=fundamental","pubTime":"2021-07-16 15:21","market":"us","language":"en","title":"SoftBank-Backed Paytm Targets Record $2.2 Billion India IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1175495442","media":"Bloomberg","summary":"(Bloomberg) -- Paytm, the Indian digital payments pioneer backed by SoftBank Group Corp., is seeking","content":"<p>(Bloomberg) -- Paytm, the Indian digital payments pioneer backed by SoftBank Group Corp., is seeking approval for a $2.2 billion initial public offering that could be India’s largest.</p>\n<p>The startup backed also by Berkshire Hathaway Inc. and Jack Ma’s Ant Group Co. plans to raise as much as 166 billion rupees ($2.2 billion) from its share sale. The IPO will include an equal amount of new and secondary shares, according to a Draft Red Herring Prospectus filed with the regulator on Friday.</p>\n<p>Formally called One97 Communications Ltd., Paytm hopes to tap the same strong investor demand that’s propping up fellow unicorn Zomato Ltd.’s hugely popular share sale. That’s despite the company reporting Friday a 10% drop in revenue during the year ended March 2021, after intensifying competition from Walmart Inc.’s Flipkart and Amazon.com Inc. cut its e-commerce and cloud sales by the same amount. Its core payment and financial services arm, however, grew 11%.</p>\n<p>Paytm hopes to capitalize on the rising popularity among investors of internet-based consumer companies, after the pandemic fueled the worldwide adoption of digital technologies. Blackrock Inc. and Fidelity International Ltd. were among the dozens of anchor investors that piled into Zomato’s float, resulting in the company receiving about 35 times more bids than it had expected to sell, people with knowledge of the matter said earlier.</p>\n<p>Read more: Zomato $1.3 Billion IPO Fully Sold as India Unicorns Line Up</p>\n<p>Zomato and Paytm are coming to a market already enjoying blockbuster listings for a few months. About $5.6 billion has been raised in initial public offerings on Indian stock exchanges so far in 2021, according to data compiled by Bloomberg. UBS Group AG expects the annual tally to be more than double last year’s $4.6 billion.</p>\n<p>Paytm was last valued at $16 billion, according to researcher CB Insights. If it hits its target, the IPO would be the country’s largest stock market debut ever, surpassing the more than 150 billion rupees raised during the debut of state-owned Coal India Ltd.</p>\n<p>Banks including Morgan Stanley, Goldman Sachs Group Inc., Citigroup Inc. are running the share sale. Paytm may consider a pre-IPO placement of up to 20 billion rupees, it said.</p>\n<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. Its Paytm Mall, however, has in past years steadily ceded share to Flipkart and Amazon, which are aggressively courting merchants and buyers.</p>\n<p>In fintech, Paytm has fended off stiff competition from a swath of global players including Walmart-owned PhonePe, Google Pay, Amazon Pay as well as Facebook Inc.’s WhatsApp Pay. It still has the biggest market share of India’s merchant payments, with over 20 million merchant partners in its network. Its users make 1.4 billion monthly transactions, according to numbers in a recent company blogpost.</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>SoftBank-Backed Paytm Targets Record $2.2 Billion India IPO</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\">\nSoftBank-Backed Paytm Targets Record $2.2 Billion India IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-16 15:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/india-paytm-seeks-approval-2-053722734.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Paytm, the Indian digital payments pioneer backed by SoftBank Group Corp., is seeking approval for a $2.2 billion initial public offering that could be India’s largest.\nThe startup ...</p>\n\n<a href=\"https://finance.yahoo.com/news/india-paytm-seeks-approval-2-053722734.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯","SPY":"标普500ETF",".SPX":"S&P 500 Index"},"source_url":"https://finance.yahoo.com/news/india-paytm-seeks-approval-2-053722734.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175495442","content_text":"(Bloomberg) -- Paytm, the Indian digital payments pioneer backed by SoftBank Group Corp., is seeking approval for a $2.2 billion initial public offering that could be India’s largest.\nThe startup backed also by Berkshire Hathaway Inc. and Jack Ma’s Ant Group Co. plans to raise as much as 166 billion rupees ($2.2 billion) from its share sale. The IPO will include an equal amount of new and secondary shares, according to a Draft Red Herring Prospectus filed with the regulator on Friday.\nFormally called One97 Communications Ltd., Paytm hopes to tap the same strong investor demand that’s propping up fellow unicorn Zomato Ltd.’s hugely popular share sale. That’s despite the company reporting Friday a 10% drop in revenue during the year ended March 2021, after intensifying competition from Walmart Inc.’s Flipkart and Amazon.com Inc. cut its e-commerce and cloud sales by the same amount. Its core payment and financial services arm, however, grew 11%.\nPaytm hopes to capitalize on the rising popularity among investors of internet-based consumer companies, after the pandemic fueled the worldwide adoption of digital technologies. Blackrock Inc. and Fidelity International Ltd. were among the dozens of anchor investors that piled into Zomato’s float, resulting in the company receiving about 35 times more bids than it had expected to sell, people with knowledge of the matter said earlier.\nRead more: Zomato $1.3 Billion IPO Fully Sold as India Unicorns Line Up\nZomato and Paytm are coming to a market already enjoying blockbuster listings for a few months. About $5.6 billion has been raised in initial public offerings on Indian stock exchanges so far in 2021, according to data compiled by Bloomberg. UBS Group AG expects the annual tally to be more than double last year’s $4.6 billion.\nPaytm was last valued at $16 billion, according to researcher CB Insights. If it hits its target, the IPO would be the country’s largest stock market debut ever, surpassing the more than 150 billion rupees raised during the debut of state-owned Coal India Ltd.\nBanks including Morgan Stanley, Goldman Sachs Group Inc., Citigroup Inc. are running the share sale. Paytm may consider a pre-IPO placement of up to 20 billion rupees, it said.\nPaytm, 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. Its Paytm Mall, however, has in past years steadily ceded share to Flipkart and Amazon, which are aggressively courting merchants and buyers.\nIn fintech, Paytm has fended off stiff competition from a swath of global players including Walmart-owned PhonePe, Google Pay, Amazon Pay as well as Facebook Inc.’s WhatsApp Pay. It still has the biggest market share of India’s merchant payments, with over 20 million merchant partners in its network. Its users make 1.4 billion monthly transactions, according to numbers in a recent company blogpost.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":170866836,"gmtCreate":1626420816025,"gmtModify":1703759832299,"author":{"id":"3585352116267703","authorId":"3585352116267703","name":"ac1887","avatar":"https://static.tigerbbs.com/a4f5865f79452e7da123e88ff35959e5","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3585352116267703","authorIdStr":"3585352116267703"},"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/170866836","repostId":1175495442,"repostType":4,"repost":{"id":"1175495442","kind":"news","pubTimestamp":1626420088,"share":"https://ttm.financial/m/news/1175495442?lang=&edition=fundamental","pubTime":"2021-07-16 15:21","market":"us","language":"en","title":"SoftBank-Backed Paytm Targets Record $2.2 Billion India IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1175495442","media":"Bloomberg","summary":"(Bloomberg) -- Paytm, the Indian digital payments pioneer backed by SoftBank Group Corp., is seeking","content":"<p>(Bloomberg) -- Paytm, the Indian digital payments pioneer backed by SoftBank Group Corp., is seeking approval for a $2.2 billion initial public offering that could be India’s largest.</p>\n<p>The startup backed also by Berkshire Hathaway Inc. and Jack Ma’s Ant Group Co. plans to raise as much as 166 billion rupees ($2.2 billion) from its share sale. The IPO will include an equal amount of new and secondary shares, according to a Draft Red Herring Prospectus filed with the regulator on Friday.</p>\n<p>Formally called One97 Communications Ltd., Paytm hopes to tap the same strong investor demand that’s propping up fellow unicorn Zomato Ltd.’s hugely popular share sale. That’s despite the company reporting Friday a 10% drop in revenue during the year ended March 2021, after intensifying competition from Walmart Inc.’s Flipkart and Amazon.com Inc. cut its e-commerce and cloud sales by the same amount. Its core payment and financial services arm, however, grew 11%.</p>\n<p>Paytm hopes to capitalize on the rising popularity among investors of internet-based consumer companies, after the pandemic fueled the worldwide adoption of digital technologies. Blackrock Inc. and Fidelity International Ltd. were among the dozens of anchor investors that piled into Zomato’s float, resulting in the company receiving about 35 times more bids than it had expected to sell, people with knowledge of the matter said earlier.</p>\n<p>Read more: Zomato $1.3 Billion IPO Fully Sold as India Unicorns Line Up</p>\n<p>Zomato and Paytm are coming to a market already enjoying blockbuster listings for a few months. About $5.6 billion has been raised in initial public offerings on Indian stock exchanges so far in 2021, according to data compiled by Bloomberg. UBS Group AG expects the annual tally to be more than double last year’s $4.6 billion.</p>\n<p>Paytm was last valued at $16 billion, according to researcher CB Insights. If it hits its target, the IPO would be the country’s largest stock market debut ever, surpassing the more than 150 billion rupees raised during the debut of state-owned Coal India Ltd.</p>\n<p>Banks including Morgan Stanley, Goldman Sachs Group Inc., Citigroup Inc. are running the share sale. Paytm may consider a pre-IPO placement of up to 20 billion rupees, it said.</p>\n<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. Its Paytm Mall, however, has in past years steadily ceded share to Flipkart and Amazon, which are aggressively courting merchants and buyers.</p>\n<p>In fintech, Paytm has fended off stiff competition from a swath of global players including Walmart-owned PhonePe, Google Pay, Amazon Pay as well as Facebook Inc.’s WhatsApp Pay. It still has the biggest market share of India’s merchant payments, with over 20 million merchant partners in its network. Its users make 1.4 billion monthly transactions, according to numbers in a recent company blogpost.</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>SoftBank-Backed Paytm Targets Record $2.2 Billion India IPO</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\">\nSoftBank-Backed Paytm Targets Record $2.2 Billion India IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-16 15:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/india-paytm-seeks-approval-2-053722734.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Paytm, the Indian digital payments pioneer backed by SoftBank Group Corp., is seeking approval for a $2.2 billion initial public offering that could be India’s largest.\nThe startup ...</p>\n\n<a href=\"https://finance.yahoo.com/news/india-paytm-seeks-approval-2-053722734.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯","SPY":"标普500ETF",".SPX":"S&P 500 Index"},"source_url":"https://finance.yahoo.com/news/india-paytm-seeks-approval-2-053722734.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175495442","content_text":"(Bloomberg) -- Paytm, the Indian digital payments pioneer backed by SoftBank Group Corp., is seeking approval for a $2.2 billion initial public offering that could be India’s largest.\nThe startup backed also by Berkshire Hathaway Inc. and Jack Ma’s Ant Group Co. plans to raise as much as 166 billion rupees ($2.2 billion) from its share sale. The IPO will include an equal amount of new and secondary shares, according to a Draft Red Herring Prospectus filed with the regulator on Friday.\nFormally called One97 Communications Ltd., Paytm hopes to tap the same strong investor demand that’s propping up fellow unicorn Zomato Ltd.’s hugely popular share sale. That’s despite the company reporting Friday a 10% drop in revenue during the year ended March 2021, after intensifying competition from Walmart Inc.’s Flipkart and Amazon.com Inc. cut its e-commerce and cloud sales by the same amount. Its core payment and financial services arm, however, grew 11%.\nPaytm hopes to capitalize on the rising popularity among investors of internet-based consumer companies, after the pandemic fueled the worldwide adoption of digital technologies. Blackrock Inc. and Fidelity International Ltd. were among the dozens of anchor investors that piled into Zomato’s float, resulting in the company receiving about 35 times more bids than it had expected to sell, people with knowledge of the matter said earlier.\nRead more: Zomato $1.3 Billion IPO Fully Sold as India Unicorns Line Up\nZomato and Paytm are coming to a market already enjoying blockbuster listings for a few months. About $5.6 billion has been raised in initial public offerings on Indian stock exchanges so far in 2021, according to data compiled by Bloomberg. UBS Group AG expects the annual tally to be more than double last year’s $4.6 billion.\nPaytm was last valued at $16 billion, according to researcher CB Insights. If it hits its target, the IPO would be the country’s largest stock market debut ever, surpassing the more than 150 billion rupees raised during the debut of state-owned Coal India Ltd.\nBanks including Morgan Stanley, Goldman Sachs Group Inc., Citigroup Inc. are running the share sale. Paytm may consider a pre-IPO placement of up to 20 billion rupees, it said.\nPaytm, 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. Its Paytm Mall, however, has in past years steadily ceded share to Flipkart and Amazon, which are aggressively courting merchants and buyers.\nIn fintech, Paytm has fended off stiff competition from a swath of global players including Walmart-owned PhonePe, Google Pay, Amazon Pay as well as Facebook Inc.’s WhatsApp Pay. It still has the biggest market share of India’s merchant payments, with over 20 million merchant partners in its network. Its users make 1.4 billion monthly transactions, according to numbers in a recent company blogpost.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5237890,"gmtCreate":1626422008649,"gmtModify":1663231053947,"authorId":3562552956363065,"author":{"id":3562552956363065,"idStr":"3562552956363065","authorId":3562552956363065,"name":"Hamsterwan","avatar":"https://static.tigerbbs.com/a386beb727f5f9152025be30073c81a3","vip":1,"crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":170866836,"type":1,"supId":5237812,"prevId":0,"content":"<u>hahaha</u>","text":"<u>hahaha</u>","html":"<u>hahaha</u>"},{"id":5237812,"gmtCreate":1626421280078,"gmtModify":1663231050848,"authorId":3576542985729070,"author":{"id":3576542985729070,"idStr":"3576542985729070","authorId":3576542985729070,"name":"Black83black","avatar":"https://community-static.tradeup.com/news/dc5940f5fefb9966b35345e7dd1aa9b8","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.01","exceedPercentage":"93.71%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":170866836,"type":1,"supId":0,"prevId":0,"content":"??","text":"??","html":"??"}],"langContent":"EN"},{"id":170868840,"gmtCreate":1626420693980,"gmtModify":1703759830839,"author":{"id":"4087127586840680","authorId":"4087127586840680","name":"VijayaKumar","avatar":"https://static.tigerbbs.com/974d22a48dafe3c33e59da91d7bb9036","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4087127586840680","authorIdStr":"4087127586840680"},"htmlText":"[強]&nbsp;","listText":"[強]&nbsp;","text":"[強]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/170868840","repostId":1175495442,"repostType":4,"repost":{"id":"1175495442","kind":"news","pubTimestamp":1626420088,"share":"https://ttm.financial/m/news/1175495442?lang=&edition=fundamental","pubTime":"2021-07-16 15:21","market":"us","language":"en","title":"SoftBank-Backed Paytm Targets Record $2.2 Billion India IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1175495442","media":"Bloomberg","summary":"(Bloomberg) -- Paytm, the Indian digital payments pioneer backed by SoftBank Group Corp., is seeking","content":"<p>(Bloomberg) -- Paytm, the Indian digital payments pioneer backed by SoftBank Group Corp., is seeking approval for a $2.2 billion initial public offering that could be India’s largest.</p>\n<p>The startup backed also by Berkshire Hathaway Inc. and Jack Ma’s Ant Group Co. plans to raise as much as 166 billion rupees ($2.2 billion) from its share sale. The IPO will include an equal amount of new and secondary shares, according to a Draft Red Herring Prospectus filed with the regulator on Friday.</p>\n<p>Formally called One97 Communications Ltd., Paytm hopes to tap the same strong investor demand that’s propping up fellow unicorn Zomato Ltd.’s hugely popular share sale. That’s despite the company reporting Friday a 10% drop in revenue during the year ended March 2021, after intensifying competition from Walmart Inc.’s Flipkart and Amazon.com Inc. cut its e-commerce and cloud sales by the same amount. Its core payment and financial services arm, however, grew 11%.</p>\n<p>Paytm hopes to capitalize on the rising popularity among investors of internet-based consumer companies, after the pandemic fueled the worldwide adoption of digital technologies. Blackrock Inc. and Fidelity International Ltd. were among the dozens of anchor investors that piled into Zomato’s float, resulting in the company receiving about 35 times more bids than it had expected to sell, people with knowledge of the matter said earlier.</p>\n<p>Read more: Zomato $1.3 Billion IPO Fully Sold as India Unicorns Line Up</p>\n<p>Zomato and Paytm are coming to a market already enjoying blockbuster listings for a few months. About $5.6 billion has been raised in initial public offerings on Indian stock exchanges so far in 2021, according to data compiled by Bloomberg. UBS Group AG expects the annual tally to be more than double last year’s $4.6 billion.</p>\n<p>Paytm was last valued at $16 billion, according to researcher CB Insights. If it hits its target, the IPO would be the country’s largest stock market debut ever, surpassing the more than 150 billion rupees raised during the debut of state-owned Coal India Ltd.</p>\n<p>Banks including Morgan Stanley, Goldman Sachs Group Inc., Citigroup Inc. are running the share sale. Paytm may consider a pre-IPO placement of up to 20 billion rupees, it said.</p>\n<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. Its Paytm Mall, however, has in past years steadily ceded share to Flipkart and Amazon, which are aggressively courting merchants and buyers.</p>\n<p>In fintech, Paytm has fended off stiff competition from a swath of global players including Walmart-owned PhonePe, Google Pay, Amazon Pay as well as Facebook Inc.’s WhatsApp Pay. It still has the biggest market share of India’s merchant payments, with over 20 million merchant partners in its network. Its users make 1.4 billion monthly transactions, according to numbers in a recent company blogpost.</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>SoftBank-Backed Paytm Targets Record $2.2 Billion India IPO</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\">\nSoftBank-Backed Paytm Targets Record $2.2 Billion India IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-16 15:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/india-paytm-seeks-approval-2-053722734.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Paytm, the Indian digital payments pioneer backed by SoftBank Group Corp., is seeking approval for a $2.2 billion initial public offering that could be India’s largest.\nThe startup ...</p>\n\n<a href=\"https://finance.yahoo.com/news/india-paytm-seeks-approval-2-053722734.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯","SPY":"标普500ETF",".SPX":"S&P 500 Index"},"source_url":"https://finance.yahoo.com/news/india-paytm-seeks-approval-2-053722734.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175495442","content_text":"(Bloomberg) -- Paytm, the Indian digital payments pioneer backed by SoftBank Group Corp., is seeking approval for a $2.2 billion initial public offering that could be India’s largest.\nThe startup backed also by Berkshire Hathaway Inc. and Jack Ma’s Ant Group Co. plans to raise as much as 166 billion rupees ($2.2 billion) from its share sale. The IPO will include an equal amount of new and secondary shares, according to a Draft Red Herring Prospectus filed with the regulator on Friday.\nFormally called One97 Communications Ltd., Paytm hopes to tap the same strong investor demand that’s propping up fellow unicorn Zomato Ltd.’s hugely popular share sale. That’s despite the company reporting Friday a 10% drop in revenue during the year ended March 2021, after intensifying competition from Walmart Inc.’s Flipkart and Amazon.com Inc. cut its e-commerce and cloud sales by the same amount. Its core payment and financial services arm, however, grew 11%.\nPaytm hopes to capitalize on the rising popularity among investors of internet-based consumer companies, after the pandemic fueled the worldwide adoption of digital technologies. Blackrock Inc. and Fidelity International Ltd. were among the dozens of anchor investors that piled into Zomato’s float, resulting in the company receiving about 35 times more bids than it had expected to sell, people with knowledge of the matter said earlier.\nRead more: Zomato $1.3 Billion IPO Fully Sold as India Unicorns Line Up\nZomato and Paytm are coming to a market already enjoying blockbuster listings for a few months. About $5.6 billion has been raised in initial public offerings on Indian stock exchanges so far in 2021, according to data compiled by Bloomberg. UBS Group AG expects the annual tally to be more than double last year’s $4.6 billion.\nPaytm was last valued at $16 billion, according to researcher CB Insights. If it hits its target, the IPO would be the country’s largest stock market debut ever, surpassing the more than 150 billion rupees raised during the debut of state-owned Coal India Ltd.\nBanks including Morgan Stanley, Goldman Sachs Group Inc., Citigroup Inc. are running the share sale. Paytm may consider a pre-IPO placement of up to 20 billion rupees, it said.\nPaytm, 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. Its Paytm Mall, however, has in past years steadily ceded share to Flipkart and Amazon, which are aggressively courting merchants and buyers.\nIn fintech, Paytm has fended off stiff competition from a swath of global players including Walmart-owned PhonePe, Google Pay, Amazon Pay as well as Facebook Inc.’s WhatsApp Pay. It still has the biggest market share of India’s merchant payments, with over 20 million merchant partners in its network. Its users make 1.4 billion monthly transactions, according to numbers in a recent company blogpost.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":72,"commentSize":5,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}