PhonePe IPO: Sebi Nod Fuels Hopes Of Biggest Fintech Listing Since Paytm

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Digital payments major PhonePe has received approval from the Securities and Exchange Board of India (Sebi) to proceed with its initial public offering, clearing a key regulatory hurdle for one of India’s most anticipated fintech listings.

IPO Could Value Company At $15 Billion The Bengaluru-based company is now expected to advance preparations for an IPO that could value it at around $15 billion, according to a report by Moneycontrol.

The Walmart-backed firm is likely to raise about Rs 12,000 crore through an offer for sale (OFS), with existing shareholders expected to dilute part of their holdings.