Paytm pegs IPO at $20 bn valuation, CEO says 'life to become QSQT'

"Our life is going to become QSQT now or quarter se quarter tak (from one quarter to next)," says Vijay Shekhar Sharma.

Paytm IPO will be at $19.5 billion to $20 billion valuation, the company officially revealed for the first time on Thursday. Paytm was valued at $16 billion when it raised funds two years ago.

The IPO was priced at a lower valuation so that more people can participate, the company said.

In a media conference call,