After tech rout, stock prices of some listed startups recover

The recent IPOs of Zomato, Paytm, PB Fintech, Nykaa, Delhivery, and Mamaearth have shown varied performance in the public markets. While Paytm’s valuation has dropped, other new-age firms have mostly maintained or increased their market capitalization. Many internet stocks have reached 52-week highs, indicating renewed investor interest. However, challenges persist, such as Paytm’s business scaling down and its potential impact on the company’s turnaround. Additionally, most listed startups are currently trading below their peak valuations at the time of IPO.