Paytm shares rise as PhonePe IPO sparks valuation hopes
Shares of One97 Communications, the parent company of Paytm, rose 2% on 18 February, extending gains after Macquarie highlighted the valuation impact of PhonePe's planned IPO, targeting a valuation of USD 15 billion.
after close1 source ↓written by the desknot a recommendation
- on 18 Feb
- 2%
- 10% equity sale
Shares of One97 Communications, parent of Paytm, rose 2% on 18 Feb, marking a second consecutive gain. This follows Macquarie's note on PhonePe's IPO potential, which could set a valuation benchmark for Paytm. PhonePe aims for a USD 15 billion valuation, raising USD 1.5 billion from a 10% equity sale. 📈
Not investment advice. For informational purposes only.