Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
Paytm CEO says global market conditions affected company's IPO
short by Pragya Swastik / on Thursday, 13 January, 2022
Paytm CEO Vijay Shekhar Sharma said that the negative macro conditions affected Paytm's IPO. "Globally, we probably went in at a time (for IPO) when QE, free money and many other parameters brought in a little spookiness to the market," said Sharma. "South American companies are over 70% down...Well, that's not the reason completely. That's a macro reason," he added.