India's MobiKwik jumps 85% in market debut, valued at $474m

India's MobiKwik jumps 85% in market debut, valued at $474m

visual from the company website

India’s MobiKwik shares soared 85% in their trading debut on Wednesday, valuing the financial technology firm at about 40 billion rupees ($474 million), as investors bet on its prospects in a booming online payments market.