PhonePe eyes up to $10.5 billion valuation in India IPO
MUMBAI, India: Walmart-backed Indian fintech firm PhonePe is targeting a valuation of between US$9 billion and $10.5 billion in its planned initial public offering, according to two people with direct knowledge of the matter.
At that range, the listing would raise roughly $900 million to $1.05 billion. Even at the upper end, however, the valuation would fall short of the $12 billion level at which PhonePe raised