AF TV - What Went Wrong With Buffett-Backed Paytm’s IPO?

Indian Fintech company Paytm’s initial public offering (IPO) had promised to turn investors’ dreams into reality, but it ended up being a nightmare.

After listing with an IPO price of 2,150 rupees (close to $29) a share, Paytm went on to slump a stunning 40% and analysts have been trying to figure out why.

Despite the stock’s rebound since, individual investors and global institutions such as BlackRock and the Canada Pension Plan Investment Board, which had bought shares as anchor IPO investors, are scrambling to find out what went wrong. We take a look at some of the key reasons Paytm shares flopped.

Ankur Tanwar

After graduating as a Computer Science student and having worked as Data Analyst for two years, Ankur made the switch to the film and entertainment industry. With an affinity for understanding and managing software, Ankur found a talent for video editing and has worked for Asia Financial since launch, as a Video Editor and Producer. Ankur is in charge of the AF TV production unit based in Delhi.