75% plunge; Paytm Has Capped World’s Worst Stock Plunge for Large IPOs in a Decade

One 97 Communications Ltd., the operator of India’s largest digital-payments provider known as Paytm, has capped the worst first-year share plunge among large IPOs over the past decade – and the pain is worsening. The company, whose founder compared its challenges to those faced by Tesla Inc. shortly after the listing, has seen its stock erase 75% of its market…
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