PhonePe IPO delay signals valuation standoff for upcoming new-age listings

PhonePe has postponed its $1.3-billion IPO due to volatile markets and a valuation gap with investors, highlighting cautious sentiment among public market participants. Multiple large public issues in the queue could be impacted. Currently, new-age companies such as Zepto, Flipkart, Oyo, Infra Market and Acko are planning to list in the next 12–18 months.