PhonePe Defers IPO Plans Amid Iran Conflict–Driven Market Volatility
PhonePe has temporarily suspended its much-anticipated initial public offering (IPO), citing heightened geopolitical tensions and volatile market conditions driven by the ongoing conflict in West Asia, particularly involving Iran. The Walmart-backed fintech firm was earlier expected to launch its IPO around April 2026, targeting a valuation of about $9–10.5 billion. However, increased uncertainty in global […]
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17 Mar 2026