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

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

Paytm Money that kicked off its mutual fund business with a new application claims to have partnered with 30 asset management companies. Photo: Bloomberg

3 min read . Updated: 22 Nov 2021, 06:23 PM IST Quentin Webb, The Wall Street Journal

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.

Edit Profile

Get alerts on WhatsApp

Set Preferences My Reads Feedback Redeem a Gift Card Logout

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

Wait for it…

Wait for it…

Congratulations!

Subscribe to continue