![]() ![]() While these are questions for which answers should become known in time, one reason for the pullback could be broader. Are investors suddenly becoming more rational? Or, are Indian markets not ready for the long runway of losses that startups taxi through before they take off, the reason why some startups want to go overseas to list? Have investment bankers not done enough to convince startups or selling shareholders to leave more money on the IPO table? Nykaa is still standing relatively firm, with only a marginal loss. Policybazaar is down by 8 percent and Zomato is down by 7 percent. But even that does not seem to have any effect on its IPO allottee investors who are (presumably) selling their holdings.īut it’s not just Paytm that’s facing the heat today in the listed startup space. Yesterday, the company announced its results date and also released a monthly business update for October which showed growth in several metrics such as monthly transacting users, gross merchandise value and loans given. At 1pm today, the stock was down by 14 percent over Thursday’s close when it had listed, a day when its price declined by 27 percent over the IPO price. The Paytm IPO train wreck is showing no signs of a salvage in sight. Pharma Industry Conclave Unlocking opportunities in Metal and Mining.India Inc On The Move Sustainability 100+.Headwinds and Tailwinds Managing Diabetes with Ayurveda. ![]()
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