Razorpay IPO

Indian fintech Razorpay has confidentially filed draft papers for an initial public offering likely sized at around $600 million, a source aware of the matter told Reuters on Monday. The confidential route allows IPO-bound firms to keep their filings private until the launch of the public issue. The Bengaluru-based firm, backed by investors such as Y Combinator, Lightspeed and Singapore's sovereign wealth fund GIC, is targeting its stock market debut by the end of 2026, the source added.