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Initial public offer - Paytm
June 7 , 2021
1611 days
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- Paytm has announced that it will bring an initial public offer (IPO) worth USD 3 billion later this year.
- When companies wish to raise funds to fuel their growth, they sell a part of their stock on the stock market.
- This process is called an initial public offering, or IPO.
- In response to this Paytm’s stock has risen largely in the grey market.
- The IPO grey market is an unofficial market that performs outside SEBI’s purview.
- All transactions here are undertaken on the basis of trust and carry counterparty risk.
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