Paytm Share Crashes 75 Percent Since Listing Worst Among Large IPO In Decade In World

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on pocket
Pocket
Share on whatsapp
WhatsApp
Paytm Share Crashes 75 Percent Since Listing Worst Among Large IPO In Decade In World

Paytm Share Price: Paytm has disappointed its investors since its listing on the stock exchange in November 2021. According to a data now revealed, Paytm’s IPO has proved to be the worst performing IPO in the world in the last decade. On Thursday, Paytm’s stock closed at Rs 441, down about 80 per cent from its issue price.

Looking at the worst-performing IPOs in a year of listing, according to Bloomberg data, Spain’s Bankia SA’s IPO in 2012 was the most disappointing when its shares fell 82 percent from the IPO price in a year. . Paytm has joined the disappointing IPO after Bankia SA. Paytm’s share rate has fallen by 75 per cent in a year since its listing. According to the IPO price, the market cap of Paytm was Rs 1.39 lakh crore, which has come down to Rs 28634 crore. That is, investors have suffered a loss of Rs 1.10 lakh crore.

After Bankia SA and Paytm, the share price of United Arab Emirates company DP World has fallen by 74 per cent, Hong Kong’s Bilibili by 72 per cent and New World Resources by 71 per cent since listing. Was.

If we look at the reasons for the fall in Paytm’s stock, Reliance Industries Chairman Mukesh Ambani is going to step into the financial sector through Jio Financial Services. Paytm is going to get a big challenge. Macquarie Group said in its report that there could be a big dent in the market share of Paytm. So on November 18, 2022, the lock-in period ended for the big investors investing in Paytm, after which big investors are continuously selling the shares of Paytm.

News Reels

read this also

Air India: Air India’s air hostess will look more stylish, new grooming guidelines fixed for cabin crew!

Source link

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on pocket
Pocket
Share on whatsapp
WhatsApp

Leave a Comment

Your email address will not be published.

Never miss any important news. Subscribe to our newsletter.

Recent News

Editor's Pick