Paytm to Seek $20 Billion Valuation in Upsized India IPO
- Pricing said to be 2,080-2,150 rupees a share, opening Nov. 8
- Amount sought is 10% more than earlier $2.2 billion target
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Indian digital payments company Paytm is seeking a valuation of about $20 billion when it opens its initial public offering next month, according to people familiar with the matter.
The float, which would be the country’s biggest IPO, will be priced in a band of 2,080-2,150, the people said, asking not to be identified as the information is private. Paytm aims to raise as much as 183 billion rupees ($2.4 billion) from the sale, some 10% more than its earlier target, according to its prospectus.