As Much-Anticipated IPO Nears Paytm Grey Market Shares Trade At INR 2,850

As Much-Anticipated IPO Nears Paytm Grey Market Shares Trade At INR 2,850

SUMMARY

Paytm’s share were trading at INR 3,050 last week in the grey market

The fintech giant is expected to hit the public markets in Oct-Nov

The fintech major expects a valuation of $25 Bn - $30 Bn

The share price of IPO-bound Paytm in the grey market has witnessed a minor correction over the past week and it is currently in the range of INR 2,850-2,860 per share.

Last week, it reached as high as INR 3,050 per share, market analysts said. The shares have witnessed around a 3-fold jump since the INR 1,000 per share levels in January.

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