Paytm Flop Debut After Record IPO Puts It Under Traders' Scrutiny – Bloomberg

Shares of India’s pioneering digital payments startup Paytm plummeted for a second day after its $2.5 billion initial public offering, marking one of the worst debuts ever by a major technology company. 
The stock fell about 13% on Monday after a 27% plunge in its debut Thursday, cutting its market value to about $12 billion. The drop has hit individual investors and global institutions such as BlackRock Inc. and the Canada Pension Plan Investment Board that had scooped up shares.