A few years ago, I had the chance to buy unlisted shares of One97 Communications, the parent company of fintech Paytm*. I passed. It was priced at Rs 3,000 (US$41).
A week ago, the company announced its plan to go public in India. And now, everyone wants a piece of the unlisted shares pie. As per a report in Economic Times, in a week following the IPO announcement, the shares that are traded in an unofficial grey market jumped over 70% to Rs 18,500 (US$253) per share.