Paytm faces another reckoning after $10 billion selloff
Stocks often fall after lock-ups expire, as investor selling puts downward pressure on shares. It’s not immediately clear what the sale strategy of large Paytm shareholders will be. Ant and Alibaba own over 30% of shares between them, SoftBank owns nearly 17.5%, while Berkshire Hathaway Inc.’s holding is about 2.5%.
