PhonePe gets SEBI nod for ₹12,000-crore IPO: Report

PhonePe on January 20 received market regulator SEBI's approval for its initial public offering (IPO) and is aiming for a $15 billion valuation, Moneycontrol reported citing sources. The company is looking to raise around ₹12,000 crore through a complete offer-for-sale. PhonePe's public listing will be the second-largest new economy listing after rival Paytm's IPO in late 2021.