Paytm looking to go public with India’s largest IPO deal
Aims to raise around $3 Billion in the IPO debut
The fintech unicorn is backed by Japan’s SoftBank Group Corp and China’s Ant Group Co Ltd
Morgan Stanley, Citigroup Inc and JPMorgan Chase & Co are the banks that intend to run the IPO
The trading debut is expected to include new and existing shares as per India’s regulatory mandates
10% of shares must be floated within two years and 25% within five years
India’s largest IPO to date is Coal India’s Rs 150 Billion deal held 11 years ago
