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Razorpay confidentially files IPO papers with Sebi
Synopsis
Fintech firm Razorpay is preparing for its stock market debut. The company has confidentially filed for an initial public offering. Razorpay aims to raise between $600 million and $700 million. Its valuation is expected to be between $5 billion and $6 billion. This move signals a significant step for the digital payments giant.
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Fintech unicorn Razorpay has confidentially filed for an initial public offering (IPO), according to a newspaper advertisement.
ET had earlier reported that the company was preparing to confidentially for IPO. The digital payments company is looking to raise between $600 million and $700 million, multiple people familiar with the matter had told said.
The expected valuation is being pegged at $5-6 billion, a markdown from its peak of $7.5 billion more than four years ago.
ET had earlier reported that the company was preparing to confidentially for IPO. The digital payments company is looking to raise between $600 million and $700 million, multiple people familiar with the matter had told said.
The expected valuation is being pegged at $5-6 billion, a markdown from its peak of $7.5 billion more than four years ago.
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