PayU IPO: PayU Plans Indian Listing, Eyes $6.5 Billion Valuation

PayU IPO: PayU, a Fintech firm supported by Prosus, is preparing for an Indian listing in the coming year, aiming for a valuation of $6-6.5 billion. The company’s remarkable growth has been evident, as its revenues surged to $400 million in the financial year ending March 2023, marking a substantial 31% increase. PayU is projected to issue a draft red herring prospectus (DRHP) by late 2023 or early 2024, indicating its strong intentions for the public offering.