Monday, July 5, 2021

Sources: One97 Communications, parent of Paytm, will file a draft prospectus as early as July 12 for a domestic IPO, to raise $2.3B at a $24B-$25B valuation (Reuters)

Reuters:
Sources: One97 Communications, parent of Paytm, will file a draft prospectus as early as July 12 for a domestic IPO, to raise $2.3B at a $24B-$25B valuation  —  One97 Communications Ltd, the parent of Indian payments firm Paytm, will file a draft prospectus as early as July 12 …



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Meituan reports Q1 revenue up 5.6% YoY to ~$13.5B, above ~$13.4B est., and a ~$1B net loss, its third straight quarter of losses amid a food delivery price war (Tracy Qu/Wall Street Journal)

Tracy Qu / Wall Street Journal : Meituan reports Q1 revenue up 5.6% YoY to ~$13.5B, above ~$13.4B est., and a ~$1B net loss, its third st...