With 75% plunge, Paytm is among the world’s worst stock plunge for large IPOs in a decade: Bloomberg

One 97 Communications Ltd., the operator of India’s largest digital-payments provider known as Paytm, has capped the worst first-year share plunge among large IPOs over the past decade – and the pain is worsening.

The company, whose founder compared its challenges to those faced by Tesla Inc. shortly after the listing, has seen its stock erase 75% of its market value one year after its $2.4 billion offering, the largest on record at the time in India.

[Via]

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