Razorpay confidentially files for IPO (opens in new tab)

Fintech major Razorpay has moved closer to its stock market debut by confidentially submitting its pre-filed Draft Red Herring Prospectus (DRHP) for its initial public offering (IPO) to the Securities and Exchange Board of India (SEBI), according to a newspaper advertisement.The Bengaluru-based payments firm is planning to raise around $600-700 million through its proposed public offering at a valuation of $5-6 billion -- a step down from its peak valuation of $7.5 billion, The Head and Tale ...