Fintech face-off: Could PhonePe’s listing trigger a Paytm re-rating?

The fintech space is preparing for another big public offering – PhonePe. While anticipation is building on when the issue will be launched, the brokerage firm Macquarie Research in its latest report has shared its outlook on the proposed initial public offering. They believe that PhonePe’s listing could lead to near-term re-rating for Paytm.

Are you wondering why? Let’s take a look at how the brokerage rates the upcoming PhonePe IPO and its impact on the fintech segment.