Fintech major Paytm lost more than 75% of its market value since listing, the world’s largest single-year drop in share prices among large initial public offerings (IPOs) in the last decade.
Paytm stock traded as low as INR 441.05 on November 24, 2022, after selling for INR 1,796.55 on the bourses on November 25 last year. Between then and now, the fintech behemoth has wiped out nearly three-fourths of investor wealth. Paytm experienced the steepest first-year drop among IPOs that raised at least the same amount since Spain’s Bankia’s 82% drop in 2012. Paytm stock has been heavily discounted as a result of the expiration of the lock-in period for pre-IPO anchor investors earlier this month.
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Fintech major Paytm lost more than 75% of its market value since listing, the world’s largest single-year drop in share prices among large initial public offerings (IPOs) in the last decade.
Paytm stock traded as low as INR 441.05 on November 24, 2022, after selling for INR 1,796.55 on the bourses on November 25 last year. Between then and now, the fintech behemoth has wiped out nearly three-fourths of investor wealth. Paytm experienced the steepest first-year drop among IPOs that raised at least the same amount since Spain’s Bankia’s 82% drop in 2012. Paytm stock has been heavily discounted as a result of the expiration of the lock-in period for pre-IPO anchor investors earlier this month.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
