India: SoftBank-backed Paytm files draft papers for $2.2b IPO

India: SoftBank-backed Paytm files draft papers for $2.2b IPO

Photo: Reuters

SoftBank-backed Indian digital payments startup Paytm has filed for an initial public offering (IPO) of up to 166 billion rupees ($2.23 billion), draft papers submitted to the country’s market regulator showed on Friday.