Wednesday, December 1, 2021
HomeTechPaytm shares dropped ~13% after a 27% first-day fall after its $2.5B...

Paytm shares dropped ~13% after a 27% first-day fall after its $2.5B IPO, cutting its market value to ~$12B, in one of the worst debuts by a major tech company (Bloomberg)




Bloomberg:

Paytm shares dropped ~13% after a 27% first-day fall after its $2.5B IPO, cutting its market value to ~$12B, in one of the worst debuts by a major tech company  —  – Founder Sharma draws comparison to early struggles of Tesla  — Critics had questioned the company’s valuation based on losses





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