Ten years ago, if a company entered the share market it was a huge deal. And only companies that were doing excelling in the market and in the business for a long took the courage to go public but today all those myths have gone into the air.
Even small startups are taking the leap and trying their luck in the share market. Recently Burger King and Barbeque nation also went public and the companies share were shooting skyrocketing in the initial days. People were flooding in to get their slots.
Now another such company is looking forward to entering the Indian share market, the company is none other than a leading digital payment wallet, Paytm.
The e-commerce company Paytm Now founder Vijay Shekhar Sharma is on cloud 9 after the company got approval to go for public issue.
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Fintech company Paytm has been planning to further expand its services for some time now. With this, fundraising efforts are in full swing. Part of that is making preparations to get to the public issue for a year.
Recently, the Security Exchange Board of India (SEBI) approved an initial public issue (IPO) of Paytm.
Paytm has been approved of Rs.16,600 crores from the market. With this, Paytm founder Vijay Shekhar Sharma danced with joy. Upon learning of the fact that the permits had been obtained from SEBI, the company along with the employees were scattered in the office.
A video of the company’s founder has been going viral ever since SEBI approved the company’s large amount of IPO. The video was initially shared on Twitter by another entrepreneur, Harsh Goenka.
People have been sharing this video extensively on various social media platforms saying that the CEO is dancing in joy after the SEBI approved the IPO but it is not the truth.
The video was originally uploaded to a YouTube channel in 2018, the video is of Vijay Shekhar dancing in the office during an occasion and not after his SEBI approval.