Paytm's Share Price Jumps in Grey Market After News of IPO Listing: Report
3 years, 7 months ago

Paytm's Share Price Jumps in Grey Market After News of IPO Listing: Report

News 18  

After reports of Paytm’s plans to go public with launch of an initial public offering, unlisted share prices of its parent company One97 Communications witnessed a nearly 75 per cent rise, reported The Mint. The company’s share prices in the grey market jumped from Rs 11,500 to Rs 21,000 in a week following the listing reports. The last time these stocks saw a similar high price level was in early 2020 when the company’s shares touched the price point of Rs 19000 per share, following which it plunged by Rs 8500 per share in the grey market in May 2020. In fact, in April this year, online food delivery platform Zomato filed its preliminary papers for an IPO with the market regulators Security and Exchange Board of India to raise USD 1.13 billion nearly Read all the Latest News, Breaking News and Coronavirus News here.

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