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    9984   JP3436100006

SOFTBANK GROUP CORP.

(9984)
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India's Paytm targets $3 billion IPO - Bloomberg News

05/27/2021 | 06:47am EDT
FILE PHOTO: A Sadhu or a Hindu holy man pays the vendor through Paytm, a digital wallet company, after buying a book during the annual religious festival of Magh Mela in Allahabad

BENGALURU (Reuters) - Indian fintech start-up Paytm is aiming to raise about 218 billion rupees ($3 billion) in an initial public offering (IPO) late this year, Bloomberg News reported https://www.bloomberg.com/news/articles/2021-05-27/paytm-is-said-to-target-3-billion-ipo-largest-ever-for-india on Thursday, citing a person familiar with the matter.

The company, formally called One97 Communications Ltd, plans to list in India around November and is targeting a valuation of around $25 billion to $30 billion, the report said.

The One97 board plans to meet this Friday to formally approve the IPO, according to the report.

Paytm, backed by Japan's SoftBank Group, Warren Buffett's Berkshire Hathaway Inc and China's Ant Financial, did not immediately respond to a Reuters request for comment.

Its IPO plans come at a time when the COVID-19 pandemic has fuelled demand for digital payment platforms in India, intensifying a battle for market share with Alphabet Inc's Google and Facebook Inc-owned Whatsapp Pay.

Paytm's chief executive told Reuters in January that the fintech firm could turn profitable this year and would soon look to list.

The start-up offers a digital payment platform for merchants, money transfers and bill payments across India.

($1 = 72.5550 Indian rupees)

(Reporting by Chandini Monnappa in Bengaluru; Editing by Aditya Soni)


ę Reuters 2021
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SOFTBANK GROUP CORP. -0.25% 7088 End-of-day quote.-12.04%
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Financials
Sales 2022 5 953 B 54 223 M 54 223 M
Net income 2022 1 045 B 9 520 M 9 520 M
Net Debt 2022 13 879 B 126 B 126 B
P/E ratio 2022 12,8x
Yield 2022 0,63%
Capitalization 12 142 B 111 B 111 B
EV / Sales 2022 4,37x
EV / Sales 2023 4,21x
Nbr of Employees 58 786
Free-Float 47,1%
Chart SOFTBANK GROUP CORP.
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SoftBank Group Corp. Technical Analysis Chart | 9984 | JP3436100006 | MarketScreener
Technical analysis trends SOFTBANK GROUP CORP.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Last Close Price 7 088,00 JPY
Average target price 11 336,00 JPY
Spread / Average Target 59,9%
EPS Revisions
Managers and Directors
Masayoshi Son Chairman & Executive President
Yoshimitsu Goto CFO, Director & Senior Managing Executive Officer
Raul Marcelo Claure Chief Operating Officer & Executive Vice President
Tim Mackey Chief Legal Officer & Group Compliance Officer
Masami Iijima Independent Outside Director
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