China's Ant Group<\/a>, the largest shareholder in Paytm<\/a>, is expected to execute nearly 50% of the secondary share sale through the offer for sale<\/a> (OFS<\/a>) in the upcoming initial public offering<\/a> (IPO<\/a>) of the fintech firm, sources aware of the matter said. Fintech公司将提供规模增加1700卢比到18300卢比在印度证券交易委员会的批准 中国的蚁群最大的股东Paytm,预计执行二级售股的近50%标价出售(OFS在即将到来的首次公开发行(首次公开募股)fintech公司意识到说的来源。
Paytm, backed by Japan's SoftBank and China's Alibaba<\/a>, has also finalised plans to increase the total IPO size by another Rs 1,700 crore, taking the total to Rs 18,300 crore (around $2.5 billion).
ET was the first to report last week that Paytm would increase its IPO size by Rs 1,000-2,000 crore, breaching the Rs 18,000 crore mark. The increase of Rs 1,700 crore will be fully through the OFS and the primary capital raise component will remain unchanged at Rs 8,300 crore, people briefed on the matter said.
This means Ant Group, which owns a little over 29% in the Noida-based company, would sell shares worth up to around Rs 5,000 crore, bringing its holding to below 25% in One97 Communications, the parent firm of Paytm.
Paytm received approval from capital markets regulator, the Securities and Exchange Board of India (Sebi), for the IPO and is expected to file its RHP (red herring prospectus) over the coming days to reflect the increase in issue size. It is looking at a public market listing - billed as one of the largest IPOs in at least a decade - by mid-November.
ET reported on July 16 that Ant Group was looking to sell about 5% in Paytm. Alibaba separately owns around 7% in the fintech firm.
SoftBank, Elevation Capital and Paytm founder Vijay Shekhar Sharma will be among the other shareholders to sell parts of their stake<\/a> in the Rs 10,000 crore OFS.
Ant’s dilution of its stake to below 25% is also necessary as the payments firm is listing as a ‘professionally managed company’.
As per the regulations, no single entity can hold more than 25% in a ‘professionally managed company’. Sharma was also declassified as its promoter in July.
A Paytm spokesperson declined to comment.
“They were considering this increase in issue size due to the increased interest in the IPO buoyed by the abundance of liquidity among global investors,” a person aware of the discussions said. ET reported earlier this month that marquee global investors had held talks with Paytm for an anchor investor slot in its IPO.
News wire Bloomberg had pegged Paytm’s valuation at $25-$30 billion. Sources said Paytm is looking at a valuation of around $20-$22 billion. Paytm was valued at $16 billion when it raised $1 billion in November 2019.
Paytm’s IPO comes at a time when online food delivery app Zomato made a stellar debut on Dalal Street with an over Rs 9,000 crore listing in July and Chennai-based Software as a Service (SaaS) company Freshworks chose to make its public market debut on the Nasdaq stock exchange last month.
Omni-channel beauty and personal care retailer Nykaa will launch its IPO on October 28, aiming to raise Rs 5,352 crore at a valuation of $7.1 billion. Fintech company PolicyBazaar is also in the final stages of going public after Sebi approval, while startups like Mobikwik, Oyo Hotels & Homes and Delhivery are in various stages listing on the bourses.
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蚁群可以执行大约50%的10000卢比OFS在Paytm IPO(首次公开募股)
Paytm,日本软银和中国的支持阿里巴巴也最终敲定计划增加IPO总规模1700卢比,花总18300卢比(约25亿美元)。
ET是第一个报告上周Paytm将增加IPO规模在1000 - 2000卢比,违反18000卢比。1700卢比的增加将完全通过OFS和主要的资本提高组件仍将维持在8300卢比,知情人士说。
Paytm收到资本市场监管机构的批准,印度证券交易委员会(Sebi)上市,预计将文件的右投手(红鲱鱼招股说明书)在接下来的日子里,以反映问题的增加大小。看着一个公共上市——号称最大的ipo之一至少10 - 11月中旬。
等7月16日报道,蚁群在Paytm寻求出售约5%。阿里巴巴fintech公司分别拥有7%左右。
软银、高程资本和Paytm创始人Vijay Shekhar Sharma将其他股东出售部分股份10000卢比OFS。
蚂蚁的稀释股份低于25%也是必要的支付公司清单如“专业管理公司”。
按照规定,没有单一的实体可以持有25%以上的专业管理公司。沙玛也解密7月启动子。
Paytm发言人拒绝置评。
“他们考虑问题的大小由于增加的增加对IPO的兴趣受到全球投资者大量的流动性,”一个人意识到讨论说。等本月早些时候报道,选框全球投资者举行了会谈Paytm IPO的锚定投资者槽。
乐动扑克新闻线彭博挂钩Paytm在25 - 300亿美元的估值。消息人士称Paytm看着估值约为20 - 220亿美元。Paytm时价值160亿美元的2019年11月筹资10亿美元。
Paytm IPO正值的在线食品交付应用Zomato达拉勒大街上闪亮登场了清单7月份超过9000卢比和常驻软件即服务(SaaS)公司Freshworks选择公开其上个月在纳斯达克股票交易所市场上市。
Omni-channel美容和个人护理零售Nykaa将启动IPO 10月28日,旨在提高5352卢比的估值71亿美元。Fintech公司PolicyBazaar也在印度证券交易委员会批准后上市的最后阶段,虽然创业像Mobikwik,欧酒店&家庭和Delhivery在不同阶段在交易所上市。
China's Ant Group<\/a>, the largest shareholder in Paytm<\/a>, is expected to execute nearly 50% of the secondary share sale through the offer for sale<\/a> (OFS<\/a>) in the upcoming initial public offering<\/a> (IPO<\/a>) of the fintech firm, sources aware of the matter said.
Paytm, backed by Japan's SoftBank and China's Alibaba<\/a>, has also finalised plans to increase the total IPO size by another Rs 1,700 crore, taking the total to Rs 18,300 crore (around $2.5 billion).
ET was the first to report last week that Paytm would increase its IPO size by Rs 1,000-2,000 crore, breaching the Rs 18,000 crore mark. The increase of Rs 1,700 crore will be fully through the OFS and the primary capital raise component will remain unchanged at Rs 8,300 crore, people briefed on the matter said.
This means Ant Group, which owns a little over 29% in the Noida-based company, would sell shares worth up to around Rs 5,000 crore, bringing its holding to below 25% in One97 Communications, the parent firm of Paytm.
Paytm received approval from capital markets regulator, the Securities and Exchange Board of India (Sebi), for the IPO and is expected to file its RHP (red herring prospectus) over the coming days to reflect the increase in issue size. It is looking at a public market listing - billed as one of the largest IPOs in at least a decade - by mid-November.
ET reported on July 16 that Ant Group was looking to sell about 5% in Paytm. Alibaba separately owns around 7% in the fintech firm.
SoftBank, Elevation Capital and Paytm founder Vijay Shekhar Sharma will be among the other shareholders to sell parts of their stake<\/a> in the Rs 10,000 crore OFS.
Ant’s dilution of its stake to below 25% is also necessary as the payments firm is listing as a ‘professionally managed company’.
As per the regulations, no single entity can hold more than 25% in a ‘professionally managed company’. Sharma was also declassified as its promoter in July.
A Paytm spokesperson declined to comment.
“They were considering this increase in issue size due to the increased interest in the IPO buoyed by the abundance of liquidity among global investors,” a person aware of the discussions said. ET reported earlier this month that marquee global investors had held talks with Paytm for an anchor investor slot in its IPO.
News wire Bloomberg had pegged Paytm’s valuation at $25-$30 billion. Sources said Paytm is looking at a valuation of around $20-$22 billion. Paytm was valued at $16 billion when it raised $1 billion in November 2019.
Paytm’s IPO comes at a time when online food delivery app Zomato made a stellar debut on Dalal Street with an over Rs 9,000 crore listing in July and Chennai-based Software as a Service (SaaS) company Freshworks chose to make its public market debut on the Nasdaq stock exchange last month.
Omni-channel beauty and personal care retailer Nykaa will launch its IPO on October 28, aiming to raise Rs 5,352 crore at a valuation of $7.1 billion. Fintech company PolicyBazaar is also in the final stages of going public after Sebi approval, while startups like Mobikwik, Oyo Hotels & Homes and Delhivery are in various stages listing on the bourses.
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