We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Bottom dollar

11 Nov 2021 By Una Galani

Unprofitable Paytm sold $2.5 bln of shares at a dizzying valuation multiple but a muted reception defied the payments giant’s early buzz. It suggests another household name, state insurer LIC, whose issuance will be multiples larger, faces a slog unless it checks its ambition.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)