INSUBCONTINENT EXCLUSIVE:
Vijay Shekhar Sharma founded Paytm in 2010 as a platform for mobile recharges.New Delhi: Hours before the much-awaited stock market debut of
Paytm on Thursday, its Founder and Chief Executive Officer Vijay Shekhar Sharma said that it "feels like carrying the hopes and aspirations
of young India to the Stock Market."Mr Sharma took to Twitter and wrote: "Man, I can feel for our cricket team! So many messages, wishes, -
Feels like carrying the hopes and aspirations of young India to the Stock Market
From coal to a fintech, in 11 years — India has transformed
To every Paytmer, you've changed India for good."Paytm's $2.5 billion initial public offering (IPO), India's largest, was oversubscribed
last week.The company has priced its 85.1 million-share issue at the top of the range at Rs 2,150 each
It had flagged a price range of Rs 2,080-2,150 per share for the deal.Mr Sharma founded Paytm in 2010 as a platform for mobile recharges
The company grew quickly after ride-hailing firm Uber listed it as a quick payment option in India and its use swelled further in late 2016
when the Centre's shock ban on high-value currency notes boosted digital payments.Paytm's success has turned Sharma, a school teacher's son,
into a billionaire with a net worth of $2.4 billion according to Forbes
Its IPO has also minted hundreds of new millionaires.Paytm is backed by Chinese tycoon Jack Ma's Ant Group, Japan's SoftBank, and Warren
Buffett's Berkshire Hathaway, which together own around a third of the company.Earlier this month, Mr Sharma had visited Tirupati temple in
Andhra Pradesh to seek blessings ahead of the company's IPO.
