PhonePe secures SEBI approval for major fintech IPO
pre-market1 source ↓written by the desknot a recommendation
- which holds
- 45% UPI market share
PhonePe has received SEBI approval for its upcoming IPO, marking a significant step in India's fintech sector. The Bengaluru-based company, which holds a 45% UPI market share, aims to become the second-largest IPO in the new economy after Paytm's 2021 listing. Advisors for the IPO include Kotak Mahindra Capital and Citi.
This move is expected to enhance investor interest in the fintech space, potentially boosting market sentiment around tech-driven financial services. 📈
Not investment advice. For informational purposes only.