SynopsisFintech 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.ETtech(L-R) Harshil Mathur and Shashank Kumar, founders, RazorpayFintech unicorn Razorpay has confidentially filed for an initial public offering (IPO), according to an intimation notice. 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. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now
Razorpay confidentially files IPO papers with Sebi - The Economic Times
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.
TL;DRAI
Razorpay confidentially files IPO with SEBI targeting $600-700M raise at $5-6B valuation, down from $7.5B peak. IPO signals consolidation in Indian fintech and test market appetite post-correction for payments infrastructure plays.
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