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Paytm falls 27% on first trading day after India’s largest IPO

paytm falls 27%
  • November 21, 2021
  • Fintech, Insights

Paytm, a digital payments startup, recently made one of the worst debuts in history in India’s stock market, falling 27% on its first day of trading. The company’s IPO was the largest ever in India.  The lofty valuation expectations were called into question by many investors; the company was valued at 27X gross profit, aiming for a $20B valuation. 

Paytm falls 27% on first trading day after India’s largest IPO

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