Paytm to raise $1.6 Billion in primary issue ahead of IPO
A secondary issue will follow shortly
This is the first time Paytm confirmed the primary fundraising
Paytm is eyeing a valuation of $25 Billion to $30 Billion through IPO
The fintech unicorn roped in JPMorgan, Goldman Sachs, Morgan Stanley and ICICI Securities to lead the IPO
Paytm’s total paid-up equity share capital is held by institutional investors, employees, ex-employees and third parties
Currently, the company has an aggregate of over 1000 shareholders
The IPO is likely to take place sometime in November
