The Paytm Crash: What It Means For The Indian IPO Fever
Paytm's market capitalisation or its market value dropped by as much as Rs 56,233 crore after its disastrous market debut on Thursday, data from the BSE showed. Paytm shares have crashed as much as 40 per cent from its IPO price to hit a low of Rs 1,283 in just two trading sessions. Analysts have pointed at high valuations as the reason behind the spiralling downfall in the stock price. We speak to market experts on why Paytm's share prices are falling and what this means for the Indian IPO fever.
