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Why Paytm’s IPO flopped

Why Paytm’s IPO flopped 1

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Hello there

Have you ever been really excited about something, only to be bummed out when it didn’t live up to expectations? It happens sometimes, whether it’s a new restaurant that’s not as great as you heard, or checking out a popular attraction that looks way better on social media than in person.

I felt let down in those instances, but I imagine that pales in comparison to how disappointing it is when a company that lists on the stock market doesn’t perform as well as expected. After all, there’s a lot of painstaking work and effort involved with doing an initial public offering, and in the case of Indian fintech firm Paytm, it didn’t quite pay off.

— Stefanie
 


 

THE BIG STORY

Why Paytm’s IPO flopped 2

Why was Paytm’s market debut a flop?
The IPO was touted as India’s biggest listing, but it lost US$900 million in two days.
 


 

IN PARTNERSHIP WITH

Why Paytm’s IPO flopped 3
Why Paytm’s IPO flopped 4

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TRENDING NEWS

Why Paytm’s IPO flopped 5
Grab joins series C round of investment app Bareksa
Bareksa will have access to Grab’s pool of users and drivers following the deal.
Why Paytm’s IPO flopped 6
SG businessman-led SPAC nets $86m in US listing
8i Acquisition 2, a blank-check firm led by James Tan Meng Dong, raised over US$10 million more than what it initially planned from its IPO on Nasdaq.
Why Paytm’s IPO flopped 7
India Roundup: BlackRock, others buy Paytm shares despite weak IPO debut, and more
Also, edtech unicorn upGrad merges its domestic units, and a spacetech startup fires the country’s first private cryogenic rocket engine.
Why Paytm’s IPO flopped 8
Gojek enables Bank Jago account opening on its app (Updated)
The move completes the integration between the firms, which kicked off with Bank Jago being accepted as a cashless payment method on the Gojek app in July.
Why Paytm’s IPO flopped 9
Warburg slashes Ant’s valuation by 15% to under $200b
Due to skepticism around Ant’s valuation, investors don’t expect the fintech giant to revive its bid for an IPO by the end of 2022, reported Reuters.
Why Paytm’s IPO flopped 10
J&T Express picks up $2.5b in pre-IPO funding
The Indonesia-based logistics startup plans to list in Hong Kong by the first quarter of next year, Reuters reported.


EVENTS HAPPENING

You can also check out a curated list of trending tech events over here.

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  • Virtual MBA Fair – India from December 5 to 14 and Virtual Master’s Fair – India from December 2 to 13
    Join the QS Virtual MBA Fair and Virtual Master’s Fair to find, meet, and fund your ideal MBA or master’s degree course by speaking with top business schools and universities including INSEAD, Warwick Business School, IE Business School, Imperial College Business School, NYU University, and many more.
  • Driving Viral Growth on December 15
    Join Andrew Chen as he discusses his new book: “The Cold Start Problem: How to Start and Scale Network Effects“. Andrew is a legendary Growth Hacker, Investor, Author and the man behind the massive growth of Uber, Tinder, Dropbox, and many others.


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Why Paytm’s IPO flopped 11
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