India’s Paytm files draft papers for $2.2 billion IPO


Paytm app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration

July 16, 2021

BENGALURU (Reuters) – SoftBank-backed Indian digital payments startup Paytm has filed for an initial public offering (IPO) of up to 166 billion rupees ($2.23 billion), draft papers submitted to the country’s market regulator showed on Friday.

($1 = 74.5140 Indian rupees)

(Reporting by Vishwadha Chander and Chris Thomas in Bengaluru; Editing by Arun Koyyur and Uttaresh.V)

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