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Fintech firms set for IPOs but face challenges SECTIONS Share Synopsis ETtech India’s fintech sector is set for landmark Initial Public Offerings (IPOs) in the next five months as at least three startups – Paytm, Mobikwik, Policybazaar – are likely to raise up to Rs 28,000 crore ($3.7 billion) through public offers betting on favourable market dynamics where both institutional and retail investors are operating with abundance of liquidity. According to industry experts, successful listings by these fintech companies could trigger a larger number of homegrown fintechs to make their debuts on Indian exchanges in the coming years mirroring the trends set by foreign counterparts listed on Nasdaq of the United States and China’s Shanghai Stock Exchange over the last two years. ....
Fintech firms face IPO challenges Want this newsletter delievered to your inbox? SUBSCRIBE Thank you for subscribing to Morning Dispatch We ll soon meet in your inbox. / Morning Dispatch Three Indian fintech firms have IPOs coming up soon, but face unique challenges related to their revenue models, foreign ownership, and increased scrutiny from regulators. Will they be able to replicate Zomato’s success? Also in this letter: MyGlamm bag Rs 355 crore Zomato’s IPO success will inspire many Paytm, Mobikwik, Policybazaar look to raise Rs 28,000 crore At least three fintech startups are set to launch initial public offerings (IPOs) in the next five months. Paytm, Mobikwik, Policybazaar are likely to raise up to Rs 28,000 crore ($3.7 billion) from the offerings. ....