Pine Labs IPO Approved, Could Raise up to US$1 Billion

Pine Labs gets SEBI approval for large IPO to fund growth and debt reduction.

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Pine Labs IPO Approved, Could Raise up to US$1 Billion

India’s markets regulator SEBI has approved the IPO of fintech firm Pine Labs. The IPO may raise up to US$1 billion and target a valuation of about US$6 billion. Pine Labs provides payment solutions including point-of-sale machines and will use raised funds to expand overseas operations, improve its technology, and reduce debt.
Tags:
  • IPO
  • India