India is probably a country that is under-invested in, and probably for good reason, but Paytm, which Berkshire Hathaway, Softbank, and Alibaba have large stakes in, is the most promising IPO I have seen.
It competes with many companies but has large, 65%-70%, marketshare. The company is doing I believe $500 million in revenue this year and hoping to double that by 2023. It's in a region that has staggering payments growth; huge, not comprobable to the US right now, and I'm thinking where china was a few years ago.
I'm hoping the IPO doesn't get too big; and it may not since IPO market has not been that crazy last few months compared to other times. The company projects $25-$30 billion ipo. That's an okay deal; not great but not terrible. If it's $50 billion+ then it may go the way of Facebook or flat-line for a few years. If it's anything like Paypal, or Square however, and all signs point to it being something similar yes, then an invstor can reap huge returns over 10-15 years if shares can be picked up in the $20 billion range.
Submitted August 31, 2021 at 03:19AM by Yu-piter https://ift.tt/2Ydxh2A
