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Recently Listed Tech Start-ups Erode Investors' Wealth

Recently Listed Tech Start-ups Erode Investors' Wealth

Data shows that shares of recently-listed One97 Communications, which operates Paytm, have eroded over half of the investors’ wealth against the issue price of Rs 2,150.

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After the hype, the fall. Data shows that shares of recently-listed One97 Communications, which operates Paytm, have eroded over half of the investors’ wealth against the issue price of Rs 2,150. Likewise, Cartrade Technologies and PB Fintech have also lost 55 per cent and 24 per cent, respectively, till January 24 against their respective issue prices. Will the trend reverse?