"What Is This Paytime?" His Dad Asked. Paytm IPO Made Him A Millionaire
NDTV
About 350 current and ex-employees will each have a net worth of at least Rs 10 million after Paytm's $2.5 billion IPO, a source in the company told Reuters
Electronics engineer Siddharth Pandey will become a millionaire after the country's biggest ever public issue, but he says he had to overcome his father's opposition to join fintech firm Paytm when it was a fledgling start-up nine years ago.
About 350 current and ex-employees will each have a net worth of at least Rs 10 million after Paytm's $2.5 billion IPO, a source in the company told Reuters.
Many, like Mr Pandey, will become dollar millionaires when the company lists next week. Those rewards are huge in a country where the per capita income is below $2,000. Mr Pandey, now 39, is no longer with the company and is working at another start-up that he declined to identify.
But he says his seven-year stint at Paytm left him with tens of thousands of shares. He declined to give details, but the shares were priced at Rs 2,150 apiece on Friday.
