Paytm likely to file DRHP for its $2.3 Bn IPO on July 12
Shortpedia
Content Team
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Digital payments giant Paytm, operated by One97 Communications, is planning on filing a draft red herring prospectus on July 12 for a domestic IPO that is aimed at raising $2.3 Bn. According to a report from Reuters, the money will be raised by the sale of new Paytm stocks as well as secondary offerings of shares at an expected valuation of $24-25 Bn with an option to raise the amount at a later stage if required.
