PP Waterballs IPO
Paytm recovered all cashbacks it gave all these years .Open down -10% from IPO Price
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Yes. Over last 6 years I earned Rs 2000 cashback, but I lost Rs 8000 in IPO. Sold on day-2.
Indian payments firm MobiKwik will carry out an IPO later than initially planned, its CEO said, following the dismal market debut of larger rival Paytm earlier this month
https://www.reuters.com/world/india/exclusive-i...
Good move,
All were in queue to get 50%/100%/200% cashback
But when Paytm got Minus cashback, Everyone is cautious
Shares of One97 Communications, parent of Paytm, tanked over 7 percent after rising for three trading sessions back to back. Overall weakness in the broader market also weighed on Paytm’s shares. Nifty50 and Sensex both fell close to 2 percent today.
At 9:36 am, the stock was down over 3 percent at Rs 1,740.5 on the BSE, far-flung from the issue price of Rs 2,150. In this week, the stock has risen over 11 percent.
Get funding, spend like anything to acquire and survive, get listed, transfer losses to the public… new mantra for the startups.
lc kya hua 22g?
isko pucho kya hua aj
https://www.cnbctv18.com/market/stocks/paytms-v...