Walmart-backed fintech giant PhonePe is preparing for a major IPO that could value the company between $9 billion and $10.5 billion.
The company is one of India’s largest digital payment platforms and handles a significant share of UPI transactions. Over the years, it has expanded into financial services including insurance distribution, lending and wealth products.
If market conditions remain favourable, the listing could become one of the most significant fintech IPOs in India.
