{"id":910094,"date":"2025-02-28T08:51:43","date_gmt":"2025-02-28T03:21:43","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=910094"},"modified":"2025-02-28T08:58:12","modified_gmt":"2025-02-28T03:28:12","slug":"phonepe-ipo-walmart-backed-phonepe-appoints-four-merchant-bankers-for-upcoming-public-issue-report","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/02\/28\/phonepe-ipo-walmart-backed-phonepe-appoints-four-merchant-bankers-for-upcoming-public-issue-report\/","title":{"rendered":"PhonePe IPO | Walmart-backed PhonePe appoints four merchant bankers for upcoming public issue: Report"},"content":{"rendered":"<p>PhonePe IPO: Digital payments giant PhonePe has appointed four merchant bankers\u2014JP Morgan, Citi India, Morgan Stanley, and Kotak Mahindra Capital\u2014to manage its initial public offering (IPO). According to a report by CNBC-TV18, the Walmart-backed Fintech major is preparing for a domestic listing. <\/p>\n<p>While the fintech major has not officially disclosed its fundraising target, a Moneycontrol report said PhonePe could aim to raise billions for a valuation of up to $15 billion. According to the report, the IPO process will begin in the first week of March. PhonePe, which redomiciled from Singapore to India in December 2022, has said it has established a clear corporate structure, with each of its new non-payment businesses as wholly owned subsidiaries.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PhonePe IPO: Digital payments giant PhonePe has appointed four merchant bankers\u2014JP Morgan, Citi India, Morgan Stanley, and Kotak Mahindra Capital\u2014to manage its initial public offering (IPO). According to a report by CNBC-TV18, the Walmart-backed Fintech major is preparing for a domestic listing. While the fintech major has not officially disclosed its fundraising target, a Moneycontrol report said PhonePe could aim to raise billions for a valuation of up to $15 billion. According to the report, the IPO process will begin in the first week of March. PhonePe, which redomiciled from Singapore to India in December 2022, has said it has [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55,13,4],"tags":[],"class_list":["post-910094","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/910094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=910094"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/910094\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=910094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=910094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=910094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}