CosmicTaco

PhonePe Aims For $15 Bn IPO Valuation

CosmicTaco · 2025-02-26T10:21:50.666036+05:30

- PhonePe has selected Kotak Mahindra Capital, JP Morgan, Citi, and Morgan Stanley as advisors for its IPO. - The company is targeting a $15 Bn valuation through the public listing. - IPO will likely be a mix of primary and secondary share issuance. - The listing is expected to happen in FY26. - PhonePe was previously valued at $12 Bn after its 2023 fundraising. Source: [Inc42](https://inc42.com/buzz/phonepe-picks-four-banks-for-ipo-seeks-up-to-15-bn-valuation-report/?_gl=1*12m8ha3*_gcl_au*MTMwODg2MjMuMTczNzY5NjMzMA..*_ga*MTE1MDE4MjYyMi4xNzM3Njk2MzMw*_ga_67F2T4M6Z5*MTc0MDU0NTI5My41LjAuMTc0MDU0NTMwMC41My4wLjA.)

PhonePe has selected Kotak Mahindra Capital, JP Morgan, Citi, and Morgan Stanley as advisors for its IPO.
The company is targeting a $15 Bn valuation through the public listing.
IPO will likely be a mix of primary and secondary share issuance.
The listing is expected to happen in FY26.
PhonePe was previously valued at $12 Bn after its 2023 fundraising.

Source: Inc42