Razorpay plans confidential IPO filing soon; targets $600-700 million raise at $5-6 billion valuation

Fintech unicorn Razorpay is preparing to confidentially file for an initial public offering (IPO) within the next few weeks, according to multiple people familiar with the matter. The digital payments company is looking to raise between $600 million and $700 million, they said, with the expected valuation pegged at $5-6 billion, a markdown from its peak of $7.5 billion more than four years ago.