Buffett-Backed Indian Fintech Giant Paytm Stumbles in Market Debut

  • 📰 WSJ
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Shares in the owner of Indian mobile-payments company Paytm fell sharply on their first day of trading, after it sold about $2.5 billion of stock in the country’s largest initial public offering

fell sharply on their first day of trading, after it sold about $2.5 billion of stock in the country’s largest initial public offering.

Stock in One97 Communications Ltd. dropped as much as 26% from its IPO price of 2,150 rupees, the equivalent of $28.95, a share, before regaining some ground. By early afternoon Thursday in Mumbai, One97 shares stood roughly 22% lower at about 1,672 rupees a share.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

That's not good for this so-called 'legendary investor'.

May God continue to bless you ma'am I never believe trading is going to work out for me because I have lost a lot in different places I know one day they will face the judgment. I really appreciate you for your transparency and trust markdonaldlisaT

I'm just wondering if it's worth checking out about the Australian defence force army using civilians as social experiments!!!

Wow! It's another day and I'm withdrawing almost 13k this time all thanks to crypto__vault I really appreciate your help,I'm short of words right now!! This platform is the real deal crypto__vault

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Shares in India's Paytm plunge 24% in market debut, business model questionedShares in India's Paytm plummeted 24% in their maiden day of trade, with investors questioning the loss-making digital payments firm's business model despite it having just completed the country's largest-ever IPO. wow
Source: Reuters - 🏆 2. / 97 Read more »

India's Paytm crashes in market debut, business model questionedIndian digital payments firm Paytm tumbled 25% on its maiden day of trade, with investors questioning its lack of profits and the lofty valuations it gained in the country's largest-ever IPO.
Source: Reuters - 🏆 2. / 97 Read more »