India’s largest ever preliminary public providing was a flop. That can provide sentiment within the red-hot marketplace a wanted truth test—however it’s not going to derail the IPOs of the numerous different Indian unicorns champing on the bit.

Stocks of SoftBank Staff and Berkshire Hathaway -backed One 97 Communications, the dad or mum of Indian virtual bills massive Paytm, fell 37% within the first two buying and selling days after Paytm went public. The inventory has since rebounded however continues to be 17% underneath its IPO worth.

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