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Paytm Revises IPO Target To $2.44 Billion: Report

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Paytm Revises IPO Target To $2.44 Billion: Report

Paytm IPO News: The digital payments leader is backed by Jack Ma’s Ant Group

Paytm, the digital payments leader backed by Jack Ma’s Ant Group, has raised its public issue size to Rs 18,300 crore from Rs 16,600¬†crore, according to its preliminary registration document filed with the market regulator.

The IPO, likely to be the biggest in India’s corporate history, is set to open for subscription from Nov. 8 to Nov. 10.

In July, Paytm had sought regulatory approval to raise up to Rs 16,600 crore and sources had said the offering valued the company at up to $25 billion.

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