India-Based Paytm Planning $3 Billion Valuation

India's leading digital payments service Paytm is seeking to raise about 218 billion rupees, about $3 billion, in its upcoming IPO. This would give the company a valuation of between $25 billion and $30 billion. Paytm will file its IPO prospectus with India's market regulator, the Securities Exchange Board (SEBI). The digital payment company is planning to list on India's National Stock Exchange and the Bombay Stock Exchange. If Paytm's IPO goes as planned, it will be India's largest public market debut.

IPO Details

According to SEBI's Issue of Capital and Disclosure Requirements (ICDR) regulations, only profit-making companies can list on NSE and BSE. While Paytm is not profitable and likely won't be at the time of its IPO, it could still go public. The company's founder, billiona...

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