How Paytm through its IPO could go one up on Jack Ma’s Ant Group

India’s payments poster child is a smaller, sturdier version of its top backer, Ant. Paytm filed on Friday to raise some $2.2 billion in what’s set to be the country’s largest initial public offering in rupees. The company founded by Vijay Shekhar Sharma is well placed to rapidly expand in financial services without running into the rude regulatory shock that kyboshed the Chinese financial technology giant’s own IPO plans.