India's Paytm crashes in market debut, business model questioned

India's Paytm crashes in market debut, business model questioned

3 years ago
Anonymous $FNmJglWnLu

https://www.reuters.com/article/paytm-listing/indias-paytm-crashes-in-market-debut-business-model-questioned-idUSKBN2I3001

Indian digital payments firm Paytm tumbled 26% on its maiden day of trade, with investors questioning its lack of profits and the lofty valuations it gained in the country's largest-ever IPO.