New Delhi: Paytm’s pre-IPO investors, including the likes of Warren Buffett’s Berkshire Hathaway, SoftBank, Elevation Capital and Alibaba, do not seem to be in a hurry to exit the company as they continue to believe in its long-term prospects, say analysts. Huh. Told.
86 per cent of Paytm shares became free for trade on Tuesday after the lock-in period ended, but with minimal impact on the stock.
Market participants are speculating on Paytm after the end of the lock-in for pre-IPO investors.
“The end of Paytm’s lock-in had no impact on the share price as the company’s strong performance continues to impress investors.” About Paytm, Avinash Gorakhkar, Research Director, Profitmart Securities said.
Paytm Pre-IPO Investors like Warren Buffet, SoftBank, Elevation Capital, Alibaba are long term investors.
SoftBank’s Masayoshi Son is reportedly in no rush to exit his investments such as Paytm, PB Fintech, Delhivery. The investor does not want to trigger panic selling.
Rahul Sharma, co-founder, Equity99 Advisors, said, “Large investors in the Vijay Shekhar Sharma-led digital company are in no hurry to sell.”
Paytm has consistently impressed its investors with strong performance. The company recently announced Q2 FY23 financials and reported 76 percent growth in revenue 1,914 crores.
Meanwhile, the company’s loss narrowed by 11 per cent on a sequential basis. Company’s contribution profit increased by 224 percent year on year 843 crores.
On Monday, the company announced that in its fast-growing lending business, it disbursed 3.4 million loans in October, registering a year-over-year increase of 161 percent.
The value of total loans disbursed in October increased to 3,056 crore (USD 407 million, a year-on-year growth of 387 per cent). Paytm’s leadership in offline payments further strengthened as its total merchant subscription devices grew to 5.1 million. For October, total merchant GMV processed through Paytm 1.18 lakh crore (USD 14 billion), showing a year-on-year growth of 42 percent.
In fact it has also brought about a sustained growth Paytm Support from leading brokerages such as JP Morgan, Morgan Stanley, Goldman Sachs, Dolat Analysis & Research Themes, and CITI.
The text of this story is published from a wire agency feed without any modification. Only the title has been changed.
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