India’s digital payments giant PhonePe is reportedly preparing for a major public listing, targeting a valuation of around $10.5 billion as it gears up to launch its initial public offering (IPO) next month. The anticipated listing is expected to be one of the most closely watched fintech IPOs in India in recent years.
According to recent reports citing sources familiar with the matter, the company has been holding discussions with investment bankers and market advisors to finalize the details of the IPO structure, pricing, and timing. If the plan materializes as expected, the offering could mark a significant milestone not just for PhonePe but also for the broader Indian fintech ecosystem.
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