PayTM’s Party pooper IPO. How an overvalued stock crashed the market. Bisbo
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India’s biggest IPO was supposed to ignite the market, but instead turned out to be a damp squib. Failing to live up to expectations, it started a downward trend in the market till now buoyed by startups like Zomato and Nykaa’s listings. Was it just frothy valuations and unclear business model that made investors suspicious? Or was it the greed of the promoters and fund managers that led to this debacle?
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Sources
The Indian Express
Paytm’s crash on debut, George Mathew, Karunjit Singh, Pranav Mukul, November 22, 2021
The Times of India
Paytm’s listing failure: What it means for future IPOs, Sunaina Chadha, November 23, 2021
Why Paytm may not see the big listing pop like Zomato and Nykaa, Sunaina Chadha, November 10, 2021
The Economic Times
PayTM may fall further as high valuation a deterrent for many; Rajesh Mascarenhas; Nov 22, 2021
Nykaa more valuable than a Britannia or Marico? What that means for investors; Nov 11, 2021
Paytm promotor’s unlisted shares soar 70% in a week, Rajesh Mascarenhas, May 31, 2021
Quartz
Why Paytm stock prices crashed on its market debut, Mimansa Verma, November 18, 2021
The Outlook
Paytm Provided Exit To Chinese Investors At The Cost Of Indian Investors: Bharat Pe Founder Ashneer Grover, November 22, 2021
Flawed Business Model Or Bad Timing: Why Paytm Failed To Impress Investors On Listing Day? Kundan Kishore, Rajiv Ranjan Singh, November 18, 2021
Reuters
Paytm sinks on debut as India's biggest IPO irks some investors, Nupur Anand and Sankalp Phartiyal, Vishwadha Chander, November 18, 2021
Live Mint
What investors can learn from PayTM’s IPO; TN Hari; Nov 25, 2021
The Hindu
An analysis on Paytm’s stock market performance; Bharat Kumar K.; Nov 25 2021
Bloomberg
BlackRock, CPPIB bought more PayTM stock after rout; Nov 26, 2021
