Loss of common investors but they got bumper profit in Paytm
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Paytm Listing: The company’s stock got listed on the market. Although the stock closed 28 percent lower than the IPO price on the first day of trading, but despite this, the company’s Chinese and Japanese investors have earned a lot of money. These investors got rich in this way.
this company earned 1 billion dollars
China’s Ant Financial and Alibaba, the largest stake holders in Paytm, have earned $ 1 billion, or about 75 billion rupees, by selling their shares in this IPO. Together, these two Chinese companies have sold their 6 percent stake in Paytm. After the Paytm IPO, now Ant Financial’s stake in the company has come down from 28 to 23 percent and Alibaba’s stake has come down from 7 percent to 6 percent.
get it too millions of dollars
Japan’s big investment company Softbank also had a significant stake in Paytm. The company has earned $ 400 million, or about Rs 2,970 crore, by selling its stake in the Paytm IPO. Now the company’s stake in Paytm has come down from 18.5 to 16 percent. At the same time, Elevation Partners, who invested in Paytm in its early days, has also sold shares worth $ 400 million. After the IPO, the stake of Elevation Partners in Paytm has come down from 17.5 percent to 15 percent.
biggest IPO
Paytm launched its IPO last week. In this IPO of Rs 18,300 crore, the company issued new shares worth Rs 8,300 crore, while shares worth Rs 10,000 crore were kept for offer for sale. At the same time, the price band of the company’s stock was kept from Rs 2,080 to Rs 2,150. Whereas on Thursday, Paytm Share Price was listed at Rs 1950 and during the day the maximum 28% broke down to Rs 1560.
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