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Paytm files prospectus with Sebi for Rs16,600-cr IPO
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Warren Buffett could bag a 60pc profit when Paytm goes public
Theron Mohamed
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Warren Buffettâs Berkshire Hathaway stands to make a 60 per cent profit on its Paytm shares if the Indian digital-payments group goes public this year as planned.
Paytmâs draft initial public offering prospectus was published on Friday, revealing the company hopes to raise up to $US2.2 billion ($3 billion) from its sharemarket debut. Mr Buffettâs company poured about $US300 million into Paytm in August 2018, valuing it at roughly $US10 billion at the time.
Berkshire still owns 17 million shares, or a 2.8 per cent stake, Paytmâs IPO filing shows. The fintech start-up was privately valued at $US16 billion in November 2019, according to Bloomberg. If it secures that valuation as a public company, Berkshireâs shares would be worth about $US480 million â a 60 per cent gain in three years.
Paytm IPO date to be announced soon, set for mega debut
Paytm IPO Date: Paytm, a digital payments and financial services firm, is all set to debut on the Indian bourses. The company has already filed a draft red herring prospectus for its proposed Rs 16,600 crore-IPO with the Securities and Exchange Board of India (SEBI).
Paytm IPO will be the largest since the 2010 issue by state-owned Coal India. It will raise Rs 8,300 crore through fresh equity and another Rs 8,300 crore through offer-for-sale. Paytmâs large investors include Chinaâs Alibaba and Ant Financial which own a combined 36.8 per cent stake. It is followed by SoftBank Vision Fund which owns 19.6 per cent. Saif Partners owns 17.2 per cent stake in the company. Paytm founder Vijay Shekhar Sharma will sell a portion of the 14.6 per cent stake he owns.
Details 19 July 2021
S4 Capital has made waves in the advertising scene. Established in 2018 by former WPP chief Martin Sorrell, the agency has since bagged clients including BMW and Mondelēz. During the first quarter of this year, the agency reported strong growth and showed an acceleration in the like-for-like net revenue growth rate from 27% in the fourth quarter of last year to 33% and compared to 19% in the pandemic-affected first quarter in 2020.
According to S4 Capital, reported revenue was up 71% to £121.6 million and net revenue up over 71% to £104.0 million. Like-for-like revenues and net revenue were up 35% and 33% respectively. Pro-forma revenues and net revenue were up the same. All regions showed strong growth. The Americas reported net revenue up 63%, EMEA was up 97%, and Asia Pacific was up 95%.
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