In today’s briefing:
- Paytm (One 97) Lockup – US$4bn+ Lockup Expiry, Some Large Shareholders Are Underwater, a Lot Aren’t
- Fusion Micro Finance IPO Trading – Weak Demand Seems Justified
- Global Health IPO Trading – Relatively Cheap and Good
Paytm (One 97) Lockup – US$4bn+ Lockup Expiry, Some Large Shareholders Are Underwater, a Lot Aren’t
- In Nov 2021, Paytm raised around US$2.2bn via selling a mix of primary and secondary shares in its IPO.
- The company is backed by Alibaba (ADR) (BABA US), Softbank Group (9984 JP) and counts Berkshire Hathaway Inc Cl A (BRK/A US) among its investors.
- In this note, we will talk about the upcoming lockup expiry.
Fusion Micro Finance IPO Trading – Weak Demand Seems Justified
- Fusion Micro Finance Ltd (1053199D IN) raised approximately US$134m in its India IPO.
- Fusion Micro Finance (FMF) is a non-banking financial company – microfinance institution (NBFC-MFI) that provides financial services to unserved and underserved women in rural and peri-rural areas across India.
- We have looked at various aspects of the deal in our previous notes. In this note, we talk about the demand for the deal and the trading dynamics.
Global Health IPO Trading – Relatively Cheap and Good
- Global Health (Medanta) (GH IN) raised approximately US$268m in its India IPO.
- Global Health (GH) is a hospital network that operates under the Medanta brand. The firm currently has five hospitals in operation and one more planned for development.
- We have looked at various aspects of the deal in our previous notes. In this note, we talk about the demand for the deal and the trading dynamics.
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