Flash Report /
India

EM digital payments: Paytm’s IPO woes reflect a broader sector malaise

  • The aggressive valuation and transaction size has made Paytm, India’s largest-ever IPO, tough for investors to digest

  • EM digital payments shares are 20% off their February peak. High multiples and rising rates are key headwinds

  • IPO aspirants may need to re-set their valuation expectations. Stripe is now saying it is happy to remain private

EM digital payments: Paytm’s IPO woes reflect a broader sector malaise
Rahul Shah
Rahul Shah

Head of Financials Equity Research

Rohit Kumar
Rohit Kumar

Global Financials/Thematics

Tellimer Research
24 November 2021
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