Paytm Founder Vijay Shekhar Sharma Laments His Choice Of Investment Bankers For IPO

Paytm Founder Vijay Shekhar Sharma Laments His Choice Of Investment Bankers For IPO

SUMMARY

Sharma shared his regret of not choosing the correct bankers for the IP

Sharma also compared Paytm's listing with Infosys, saying that the wealth creation from Paytm’s IPO was restricted to only a few while Infosys brought more returns widespread

Paytm’s share prices have dipped over 65% compared to its IPO issue price of INR 1,950

Paytm founder and CEO Vijay Shekhar Sharma has said he regrets his choice of bankers for the fintech giant’s initial public offering (IPO). 

“I have been an entrepreneur long enough now. I have a regret of not choosing the correct bankers for the IPO,” Sharma said during Tie Delhi NCR’s India Internet Day 2024, according to a report by Moneycontrol.

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