India's Paytm likely to file draft prospectus next week for $2.3b IPO

India's Paytm likely to file draft prospectus next week for $2.3b IPO

Photo: Reuters

One97 Communications Ltd, the parent of Indian payments firm Paytm, will file a draft prospectus as early as July 12 for a domestic initial public offering (IPO) that seeks to raise $2.3 billion, two sources close to the matter said on Monday.