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SoftBank and Alibaba-backed fintech suffered one of India’s worst market debuts
Shares in payments group plunge after debut, raising concerns it could derail flotations of other companies
Desire to have India’s biggest ever listing and a valuation of $20bn weakened demand
The float disappointed despite a strong local listing market, with record funds raised this year
Fintech group loses $5bn in market value as investors question path to profitability
Paytm’s $2.5bn listing is expected to be the country’s largest-ever IPO. But is its start-up sector already overheated?
Flurry of listings including Zomato comes as Beijing cracks down on China’s internet groups
Even with a potential record IPO on the cards, the digital payments app struggles to make money
Proposed share sale comes as company faces fierce competition from western rivals
Paytm, India’s most valuable start-up, has bumped up against Google in a wide ranging dispute
Indian payments platform alleged to have breached US tech group’s policy on gambling
SoftBank-backed payments group looks for other revenue sources as rivals move in
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