https://techcrunch.com/2022/01/10/paytm-stock-drops-to-record-low/ > Shares of Paytm dropped to ₹1,165 ($15.71), the lowest since its market debut in November following the nation’s biggest-ever initial offering after a key brokerage house further cut its price on the payments stock. > The stock, which opened Monday at ₹1,226, dropped 5.3% at 1.55 pm India standard time. Paytm, which has been struggling to improve its stock price ever since its debut, has slid by over 45% from its issue price of ₹2,150 ($28.9). The firm’s market cap, at the time of publishing, was $10.2 billion, nearly half of what it had sought during the debut and below the $16 billion valuation at which it raised a financing round in late 2019.