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PhonePe, a leading Indian digital payments platform, is preparing for an initial public offering (IPO) that could value the company at around $15 billion, according to sources familiar wiht the matter. Microsoft is offering its full stake in the company, while Walmart is selling up to 45.9 million shares, representing approximately 9% of PhonePe.
PhonePe’s IPO Details
The IPO will involve up to 50.66 million shares being offered, providing a liquidity event for existing shareholders. PhonePe was last valued at $12 billion in a funding round in January 2023