PhonePe To File Draft Papers For $1.5 Bn IPO By August

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SUMMARY

The UPI leader will look to raise $1.5 Bn via the public offer which will value it at $15 Bn

PhonePe is said to have finalised Kotak Mahindra, Citigroup and Morgan Stanley to helm the IPO

PhonePe made its listing plans public in February, without giving any details about the listing timeline or the size of the IPO

Months after converting to a public entity, Walmart-owned fintech major PhonePe is edging close to filing its draft IPO papers. As per a report by Bloomberg, the UPI leader will look to raise $1.5 Bn via…



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PhonePe To File Draft Papers For $1.5 Bn IPO By August


SUMMARY

The UPI leader will look to raise $1.5 Bn via the public offer which will value it at $15 Bn

PhonePe is said to have finalised Kotak Mahindra, Citigroup and Morgan Stanley to helm the IPO

PhonePe made its listing plans public in February, without giving any details about the listing timeline or the size of the IPO

Months after converting to a public entity, Walmart-owned fintech major PhonePe is edging close to filing its draft IPO papers. As per a report by Bloomberg, the UPI leader will look to raise $1.5 Bn via…



Source link

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.

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