18 Feb 2026 | 3 Mins Read
PhonePe IPO may impact Paytm's stock prices
Flipitmoney
PhonePe filed a draft red herring prospectus, targeting a $15 billion valuation, with existing shareholders planning to sell around 10% of the company, potentially raising $1.5 billion. The valuation surpasses Paytm's, despite PhonePe being EBITDA negative, and highlights its scale, with a 45% UPI market share and 618 million registered users.