Thursday, July 4, 2024

Paytm under scrutiny after first-day flop followed record IPO

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By Saritha Rai and Nupur Acharya

Shares of India’s pioneering digital payments startup Paytm NSE -12.89 % will be closely watched by traders after the stock plunged 27% in its debut Thursday following a record initial public offering.

Paytm’s parent company, One 97 Communications Ltd., raised $2.5 billion in its IPO, the most-ever for India, but its disastrous trading debut sparked criticism the company and ..

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