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Paytm seeks $2.5 billion in India's biggest ever IPO | DW News
Posted
November 8, 2021
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November 8, 2021
20,674
451
165
2.98%
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4:24Now PlayingIndia's biggest-ever IPO launches today with fintech Paytm looking to raise almost 2.5 billion dollars.
The company has more than 300 million registered customers and a 40% share in mobile transactions, making it one of India's largest internet companies. The digital payment platform is backed by Chinese conglomerate Alibaba, Japan's Softbank and Warren Buffett's Berkshire Hathaway. The three shareholders combined own around one third of Paytm.
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