Paytm, India’s leading digital payments provider, is aiming to launch a $3 billion IPO late this year. And the company's board of directors has agreed to the planned IPO plan and the prospectus will be filed as early as July, according to Bloomberg.

The startup, formally called One97 Communications Ltd., sent the “offer for sale” to its staff Monday as it prepares to file for the IPO, according to documents reviewed by Bloomberg News.

Paytm’s board has approved the offering plans in principle and is finalizing the draft red herring prospectus, which could be filed as soon as the first week of July, according to a person familiar with the matter.

Source: https://www.bloomberg.com/news/articles/2021-06-07/india-s-paytm-is-said-to-move-ahead-with-planned-3-billion-ipo