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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
This comes a little over two years after the Walmart-backed digital payments company shifted its domicile back to India from Singapore.
Fintech major PhonePe on Thursday announced it has begun preparations for its initial public offering to get listed on stock exchanges.
"PhonePe's strong top-line and bottom-line growth across its diverse business portfolio, as detailed in its FY23-24 annual report, makes this a suitable time to prepare for a public listing," it said in a statement. PhonePe, however, did not reveal the timing for the listing or any other details on the formalities for the IPO.
This comes a little over two years after the Walmart-backed digital payments company paid $1 billion in capital tax to the Indian government to shift …
The UAE is looking at its first public listing of the year while Egypt just delivered a big one; OpenAI’s bugging accused has ties to Saudi Arabia; and other updates from the week.
Parent AceVector is headed for a public market debut next week. As much as 97% of its revenue comes from two businesses. One is already a listed entity, the other a missed opportunity.
The kingdom is moving to tighten the rules around public listings, algorithmic trading, trading in foreign securities and company disclosures—all in an effort to chase transparency.
