PhonePe IPO: Can it spark fresh rerating for rival Paytm share price?
The upcoming IPO of PhonePe, with a valuation estimated between $13 and $15 billion, is emerging as a pivotal event in India’s fintech landscape, likely to create significant impacts throughout the sector—particularly for competitor Paytm, according to global brokerage Macquarie Equity Research. In a recent report from Macquarie, it was suggested that PhonePe’s public offering…