Paytm pegs IPO at $20 bn valuation, Vijay Sharma says life to become QSQT

Paytm will be the most valued unicorn in the country at around $20 billion (Rs 1.48 trillion) when it launches its initial public offering on November 8. The fintech major, which was last valued at $16 billion two years ago, is seeking to raise Rs 18,300 crore in India’s largest IPO.

With this, Paytm would cross edtech player Byju’s estimated $18-billion valuation earlier this month. At the pre-IPO presentation, bankers confirmed that the enterprise value of Paytm would be in the range of $19.3 billion to $19.9 billion as the price band is set at Rs 2,080 to Rs 2,150 per share. While Walmart-owned Flipkart, valued over $35 billion, would top the valuation list, it’s now counted as a former unicorn.