India, Sept. 5 -- Walmart-owned PhonePe is reportedly planning to pre-file its IPO papers via the confidential route by the end of September 2025.

The fintech company is aiming to raise between $1.2 Bn and $1.5 Bn (about INR 10,000 Cr to INR 13,000 Cr) and expects to get listed by early 2026, Moneycontrol reported.

The IPO is expected to value the company at around $10 Bn to $12 Bn. About 10% of the company's equity will be offered for sale in the public issue, as per the report.

The public issue will be a mix of a fresh issue of shares and OFS. While parent Walmart is unlikely to sell a substantial part of its stake, smaller investors such as Tiger Global and General Atlantic may look for partial exit through the IPO, the report added...