Market Rout Adds to Concerns Weighing on India IPO Hopefuls

TL;DR

Market Rout Adds to Concerns Weighing on India IPO Hopefuls Greater Scrutiny Facing Companies Ahead of IPO Abrahimzadeh: Reasons to be Optimistic on IPO Outlook Walmart’s PhonePe Halts India IPO Plan as Market Slump Deepens PhonePe, India’s biggest digital payments platform, has put its IPO plans on hold, citing geopolitical tensions and a volatile stock market. On Monday, the Bengaluru-based company said it had paused its IPO plans, but remains committed to going public once market conditions improve. The move comes less than two months after the fintech filed an updated IPO prospectus, targeting a listing on Indian stock exchanges later this year.