SEBI has cleared the IPO for fintech firm Pine Labs, which could raise up to $1 billion and reach a valuation of about $6 billion. The company offers payment infrastructure including point-of-sale terminals. Proceeds will be used to reduce debt, improve technology, and ramp up overseas operations. The approval comes amid renewed IPO interest in India. Alongside Pine Labs, IPOs for Hero Motors and Canara Robeco Asset Management were also given nods, indicating strength in fintech and asset management stocks.
positive
29 days ago
India’s Markets Regulator Approves Pine Labs IPO
SEBI has cleared the IPO for fintech firm Pine Labs, which could raise up to $1 billion and reach a valuation of about $6 billion. The company offers payment infrastructure including point-of-sale terminals. Proceeds will be used to reduce debt, improve technology, and ramp up overseas operations. The approval comes amid renewed IPO interest in India. Alongside Pine Labs, IPOs for Hero Motors and Canara Robeco Asset Management were also given nods, indicating strength in fintech and asset management stocks.
positive
India’s Markets Regulator Approves Pine Labs IPO
29 days ago
1 min read
80 words
Pine Labs IPO approved by SEBI; expected raise ~$1B with $6B valuation.
SEBI has cleared the IPO for fintech firm Pine Labs, which could raise up to $1 billion and reach a valuation of about $6 billion. The company offers payment infrastructure including point-of-sale terminals. Proceeds will be used to reduce debt, improve technology, and ramp up overseas operations. The approval comes amid renewed IPO interest in India. Alongside Pine Labs, IPOs for Hero Motors and Canara Robeco Asset Management were also given nods, indicating strength in fintech and asset management stocks.
SEBI has cleared the IPO for fintech firm Pine Labs, which could raise up to $1 billion and reach a valuation of about $6 billion. The company offers payment infrastructure including point-of-sale terminals. Proceeds will be used to reduce debt, improve technology, and ramp up overseas operations. The approval comes amid renewed IPO interest in India. Alongside Pine Labs, IPOs for Hero Motors and Canara Robeco Asset Management were also given nods, indicating strength in fintech and asset management stocks.