Dear Reader, The IPO bug has bitten a lot of tech startups and every couple of weeks there seems to be a new company eyeing the stock exchanges. It’s hard to miss the excitement around these IPOs — soon after a startup declares its plans of going public, the price of its unlisted shares in the grey market start soaring. Like in the case of IPO-bound Paytm, where the fintech giant’s unlisted share prices rose more than two-fold from the INR 11,000-INR 12,000 range to above INR 24,000. Similarly, when Fino Payments Bank filed its IPO prospectus out of the... This is an Inc42 Plus Member Exclusive story. Read this story on Inc42.[The Outline By Inc42 Plus] The Grey Market Rush For Startup Stocks
Dear Reader, The IPO bug has bitten a lot of tech startups and every couple of weeks there seems to be a new company eyeing the stock exchanges. It’s hard to miss the excitement around these IPOs — soon after a startup declares its plans of going public, the price of its unlisted shares in the grey market start soaring. Like in the case of IPO-bound Paytm, where the fintech giant’s unlisted share prices rose more than two-fold from the INR 11,000-INR 12,000 range to above INR 24,000. Similarly, when Fino Payments Bank filed its IPO prospectus out of the... This is an Inc42 Plus Member Exclusive story. Read this story on Inc42.
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