Paytm IPO investors lose $900 million in two days as India’s biggest listing flops

Owner of mobile-payments company went public last week, selling equivalent of $2.46 billion worth of shares
Owner of mobile-payments company went public last week, selling equivalent of $2.46 billion worth of shares
Shares in the owner of Indian financial technology giant Paytm tumbled for a second day, with the declines inflicting about $900 million in losses on investors that bought into the much-hyped initial public offering this month.