Alibaba, Ant Financial and Berkshire Hathaway are among the anchor investors for a provision set to make up nearly half of the payment platform developer's $2.45bn target for its IPO.
India-based payments platform Paytm has allocated a total of Rs 82.35m ($1.1bn) in shares to anchor investors for its upcoming initial public offering, according to a regulatory filing filed on Wednesday.
The allocation already amounts to almost half of the $2.45bn Paytm is targeting in the IPO. Selling corporate shareholders will include conglomerate Berkshire Hathaway, e-commerce group Alibaba and its financial services affiliate Ant Group, while internet and telecommunications group SoftBank is also an existing backer.
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Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
