Latham & Watkins and Shearman & Sterling have advised on the $2.46 billion initial public offering (IPO) of One 97 Communications, India’s largest digital payments and financial services platform which operates under the brand “Paytm”.

Advised by Latham, One 97 listed on the National Stock Exchange of India (NSE) and Bombay Stock Exchange (BSE). The offering was 1.89 times oversubscribed and marked the largest-ever public issue in India.