Speculative bet or prudent investment: Why initial reviews are negative on Paytm IPO?
![](https://img.etimg.com/thumb/msid-87534240,width-1070,height-580,imgsize-30868,overlay-etmarkets/photo.jpg)
At the current prices, it is aiming at a valuation of $19.5-20 billion, in-line with anchor investor demand but nearly two-thirds of what the grey market was valuing the firm a month back.
via Economictimes
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