PhonePe seeking to raise $1.5 billion from IPO in India: Report
Walmart-owned PhonePe is preparing to file preliminary documents for an initial public offering that may raise as much as $1.5 billion, Bloomberg reported. The deal is likely to value PhonePe at about $15 billion, which is planning to submit draft papers for the listing by August. The discussions are still ongoing and things are still subject to change, report added.