BlackRock Inc.
Paytm’s early tumble ranked among the worst debuts by a major technology company since the dot-com bubble era of the late 1990s.
and Masayoshi Son’s SoftBank Group Corp., some analysts have questioned the company’s valuation and path to profitability.
The $2.5 billion offering by Paytm, formally known as One 97 Communications Ltd., was arranged by banks including Morgan Stanley, Goldman Sachs Group Inc., Axis Capital, ICICI Securities, JPMorgan Chase & Co., Citigroup Inc.
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