India’s Paytm debut in public market likely with planned $3 billion IPO

India’s Paytm debut in public market likely with planned $3 billion IPO

India’s Paytm is asking employees to decide whether they want to sell shares in the digital payments pioneer’s planned initial public offering, taking another step toward what could be the country’s largest stock market debut ever.

One97, last valued at $16 billion according to unicorn tracker CB Insights, is part of a new generation of promising startups emerging in India.

Paytm’s public market debut will include a mix of new and existing shares to meet regulatory obligations in India. The country’s regulations require that 10% of shares are floated within two years and 25% within five years.

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