Softbank Sheds 4.5% Stake in
Should Investors be Worried?
Paytm's 2nd largest shareholder, Softbank has sold 4.5% out of its total 17.45% stake in Paytm. This block deal was worth $200 mn.
Softbank's Paytm stake sale comes after the end its mandatory post-IPO lock-in period.
The 2021 Paytm IPO turned out to be a debacle as the stock listed 9% below its issue price.
IPO Debacle
Paytm's share prices have tanked majorly since listing. Investors have lost 65-70% of investment value by now.
Falling stock price
Paytm's Q2’22 consolidated losses rose 20% year-on-year. Widening losses are due to higher costs and lower income.
Widening losses
Is Softbank's Paytm sale due to: a. Rising losses b. Falling stock price c. Rising Competition What do you think?
want to make money from stock investment?
Read this - How to Earn Profit from Stocks