Report
EUR 91.79
For Business Accounts Only
Paytm offers payment services, commerce and cloud services, and financial services to 333m consumers and over 21m merchants, as of Mar 21. It offers consumers a wide selection of payment options on the Paytm app. It also offers merchants solutions that allow them to accept payments, acquire and retain consumers, improve their business operations and access financial services.
We have covered various aspects of the deal in our previous notes:
Paytm (One 97) Pre-IPO - One of India’s largest IPOs but asking valuation is a stretch.
Paytm (One 97) IPO - Better disclosures but it's still a tough sell
Paytm IPO Trading - Largest IPO with Lowest Coverage, Skipped by Domestics
In this note, we will talk about the upcoming anchor book lock-up expiry and look at how past IPOs have done around this time period.
Paytm (One 97)
Paytm raised around US$2.2bn via selling a mix of primary and secondary shares in its IPO. The company is backed by Ant Financial (Alibaba), Softbank and counts Berkshire Hathaway among its investors.Paytm offers payment services, commerce and cloud services, and financial services to 333m consumers and over 21m merchants, as of Mar 21. It offers consumers a wide selection of payment options on the Paytm app. It also offers merchants solutions that allow them to accept payments, acquire and retain consumers, improve their business operations and access financial services.
We have covered various aspects of the deal in our previous notes:
Paytm (One 97) Pre-IPO - One of India’s largest IPOs but asking valuation is a stretch.
Paytm (One 97) IPO - Better disclosures but it's still a tough sell
Paytm IPO Trading - Largest IPO with Lowest Coverage, Skipped by Domestics
In this note, we will talk about the upcoming anchor book lock-up expiry and look at how past IPOs have done around this time period.
Underlying
PAYTM MOBILE SOLUTIONS PVT L
Provider
Aequitas Research
Aequitas Research is a leading ECM research firm with a focus on IPOs and placements/follow-on offerings across the Asia Pacific with deal size of over USD100m.
Since 2015, we have covered 400+ IPOs and 450+ placements with a hit rate of 73% and 65%, respectively. We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic analysis.
Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis. We also provide a more quant driven analysis on placement/follow-on offerings.
Markets that we cover include:
Hong Kong,
China ADRs,
India,
Japan,
Australia, and
ASEAN.
Hong Kong,
China ADRs,
India,
Japan,
Australia, and
ASEAN.
Sumeet Singh
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