Paytm upsets investors on its stock market debut, shares plunge 21% in first day of trade
Shortpedia
Content Team
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Shares in Paytm plummeted 21% in their market debut, valuing the Ant Group-backed digital payments firm at around 1.11 trillion rupees ($14.9 billion) after it completed India`s biggest-ever IPO. Shares were changing hands at 1,705 rupees in early morning trade versus the offer price of 2,150 rupees. The company priced its 85.1 million-share issue at the top of the range at 2,150 rupees each.
