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2021-06-19
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The largest IPO in India's history: "India Alipay" seeks a valuation of $30 billion
Paytm目前拥有约1.5亿用户数量,用户每月的交易量为14亿笔。蚂蚁集团和阿里巴巴合计持有其约37%的股份。
The largest IPO in India's history: "India Alipay" seeks a valuation of $30 billion
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The IPO plans to raise about 218 billion rupees ($3 billion) and may be the largest IPO ever in India.</p><p>Paytm will hire, according to people familiar with the matter<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>、<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>、<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>And<a href=\"https://laohu8.com/S/IBN\">Industrial Credit Investment Bank of India</a>As its underwriter.</p><p>Paytm, officially known as One97 Communications, targets a valuation between $25 billion and $30 billion for the offering. In the last funding round in 2019, Paytm was valued at $16 billion.</p><p>The initial public offering will include new and existing shares, with India setting 10% of shares to be listed within two years and 25% within five years.</p><p>Shareholders include<a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>Hathaway, SoftBank Group and<a href=\"https://laohu8.com/S/06688\">Ant Group</a>。</p><p>Among them, Ant Group, as the largest shareholder, holds nearly 30% of the company's shares.<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>And Ant Group holds a total of 37% of Paytm's shares.</p><p>If it passes the review of the Securities and Exchange Board of India, Ant Group will reduce its stake by about 5% before and during the IPO, and comply with the shareholding standard of less than 25%.</p><p>Paytm currently has about 150 million users and 1.4 billion monthly transactions. Its business has expanded from digital payments to banking, credit cards and financial services.</p><p>But it also faces problems from<a href=\"https://laohu8.com/S/GOOG\">Google</a>Payment,<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Payments and<a href=\"https://laohu8.com/S/WMT\">Walmart</a>Fierce competition from its PhonePe and other rivals.</p><p>Neil Shah, an analyst at tech research firm Counterpoint, said:</p><p>Five years ago, Paytm almost dominated India, but its performance is now slipping. Now it must seize the opportunity to conduct an IPO, because the competition is intensifying, and IPO may bring it some competitiveness. Karan Sharma, co-head of digital and tech investment banking at Avendus Capital in Mumbai, believes that the demand for tech IPOs is very strong.</p><p>He said:</p><p>The combined market value of companies listed on the Bombay Stock Exchange has exceeded $3 trillion, but there are almost no Internet companies for investors to choose from. Global investors have a very large potential demand for emerging markets.</p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The largest IPO in India's history: \"India Alipay\" seeks a valuation of $30 billion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe largest IPO in India's history: \"India Alipay\" seeks a valuation of $30 billion\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-06-19 10:24</span>\n</p>\n</h4>\n</header>\n<article>\n<p>According to the Financial Times, Indian digital payments group Paytm will hold a shareholder meeting next month to approve the IPO plan.</p><p>This time, Paytm plans to sell 120 billion rupees (about 1.61 billion US dollars) of new shares, plus a potential over-allotment of 1% (for underwriters). The IPO plans to raise about 218 billion rupees ($3 billion) and may be the largest IPO ever in India.</p><p>Paytm will hire, according to people familiar with the matter<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>、<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>、<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>And<a href=\"https://laohu8.com/S/IBN\">Industrial Credit Investment Bank of India</a>As its underwriter.</p><p>Paytm, officially known as One97 Communications, targets a valuation between $25 billion and $30 billion for the offering. In the last funding round in 2019, Paytm was valued at $16 billion.</p><p>The initial public offering will include new and existing shares, with India setting 10% of shares to be listed within two years and 25% within five years.</p><p>Shareholders include<a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>Hathaway, SoftBank Group and<a href=\"https://laohu8.com/S/06688\">Ant Group</a>。</p><p>Among them, Ant Group, as the largest shareholder, holds nearly 30% of the company's shares.<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>And Ant Group holds a total of 37% of Paytm's shares.</p><p>If it passes the review of the Securities and Exchange Board of India, Ant Group will reduce its stake by about 5% before and during the IPO, and comply with the shareholding standard of less than 25%.</p><p>Paytm currently has about 150 million users and 1.4 billion monthly transactions. Its business has expanded from digital payments to banking, credit cards and financial services.</p><p>But it also faces problems from<a href=\"https://laohu8.com/S/GOOG\">Google</a>Payment,<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Payments and<a href=\"https://laohu8.com/S/WMT\">Walmart</a>Fierce competition from its PhonePe and other rivals.</p><p>Neil Shah, an analyst at tech research firm Counterpoint, said:</p><p>Five years ago, Paytm almost dominated India, but its performance is now slipping. Now it must seize the opportunity to conduct an IPO, because the competition is intensifying, and IPO may bring it some competitiveness. Karan Sharma, co-head of digital and tech investment banking at Avendus Capital in Mumbai, believes that the demand for tech IPOs is very strong.</p><p>He said:</p><p>The combined market value of companies listed on the Bombay Stock Exchange has exceeded $3 trillion, but there are almost no Internet companies for investors to choose from. Global investors have a very large potential demand for emerging markets.</p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"https://wallstreetcn.com/articles/3633318\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0534f6e8c1b685c0020f93652485a89b","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W","QNETCN":"纳斯达克中美互联网老虎指数"},"source_url":"https://wallstreetcn.com/articles/3633318","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144089457","content_text":"据英国《金融时报》报道,印度数字支付集团Paytm将于下月召开股东大会,批准IPO计划。\n此次Paytm计划发售1200亿卢比(约16.1亿美元)的新股,外加1%的潜在超额配售(面向承销商)。IPO计划筹资约2180亿卢比(合30亿美元),可能是印度有史以来规模最大的IPO。\n据知情人士透露,Paytm将聘请摩根大通、摩根士丹利、高盛和印度工业信贷投资银行作为其承销商。\nPaytm的正式名称为One97 Communications,此次发行的目标估值在250亿美元至300亿美元之间。在2019年的上一轮融资中,Paytm的估值达到160亿美元。\n首次公开发行的股票将包括新股和现有股票,印度规定两年内上市的股票比例为10%,五年内上市的股票比例为25%。\n股东包括伯克希尔哈撒韦公司、软银集团和蚂蚁集团。\n其中蚂蚁集团作为最大股东,持有该公司近30%的股份。阿里巴巴和持有蚂蚁集团合计共持有Paytm37%的股份。\n如果通过印度证券交易委员会的审查,蚂蚁集团将在IPO前和IPO过程中减持约5%的股份,并遵守25%以下的持股标准。\nPaytm目前拥有约1.5亿用户数量,用户每月的交易量为14亿笔,其业务已经从数字支付扩展到银行、信用卡和金融服务等领域。\n但它同时也面临着来自谷歌支付、亚马逊支付和沃尔玛旗下的PhonePe等对手的激烈竞争。\n科技研究公司Counterpoint的分析师Neil Shah表示:\n\n 五年前,Paytm几乎统治了印度,但它现在的业绩却在下滑。现在它必须要抓住时机进行IPO,因为竞争正愈演愈烈,IPO可能会为它带来一定的竞争力。\n\n孟买Avendus Capital数字和科技投资银行业务联席主管Karan Sharma认为,科技公司IPO的需求非常强。\n他表示:\n\n 在孟买证券交易所上市的公司市值合计已经超过3万亿美元,但几乎没有任何互联网公司可以让投资者选择。全球投资者对新兴市场有非常大的潜在需求。","news_type":1,"symbols_score_info":{"QNETCN":0.9,"BABA":0.9,"09988":0.9}},"isVote":1,"tweetType":1,"viewCount":1251,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}