The Alibaba, Ant Group, Berkshire Hathaway, Intel and SoftBank-backed e-commerce payment app operator is set to list on the NSE and BSE next week at a potential valuation of up to $18.7bn.

One97 Communications, the India-based, corporate-backed owner of payments service Paytm, is set to raise Rs 183bn ($2.5bn) in its initial public offering, according to a prospectus filed today.

The share allocation is set to be completed on November 15, three days before the listing is scheduled to take place on the National Stock Exchange (NSE) and BSE exchange. The shares were each priced at the top of the IPO’s Rs 2,080 to Rs 2,150 ($27.94 to $28.88) range.

The offering…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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