Razorpay files for a $600 million IPO, targeting a stock market debut by 2026 amid growing fintech competition.

June 15 : Indian payment gateway services provider Razorpay Software has confidentially filed draft papers for an initial public offering, a newspaper advertisement showed on Monday.The confidential route allows IPO-bound firms to keep their filings private until the launch of the public issue.Financia

Razorpay files for a $600 million IPO, targeting a stock market debut by 2026 amid growing fintech competition.

Razorpay was looking to raise $600-$700 Mn through the IPO at a valuation of $5-$6 Bn, lower than its last private valuation of $7.5 Bn