India IPOs rise as startups divert investor attention from China

Dozens of companies look to list in first half despite Paytm's rocky debut

20211130 BSE

India's Bombay Stock Exchange foresees a rush of IPOs in 2022. © Reuters

SAYAN CHAKRABORTY, Nikkei staff writer

BENGALURU -- About a dozen Indian startups are planning to list in the first half of 2022, undeterred by the shaky debut of SoftBank-backed financial services company Paytm, as they hope to benefit from the frenzy surrounding Indian tech stocks as investors shy away from China.

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