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Fintech Firm Pine Labs Weighs $1 Billion IPO in India.
- Source :
- Bloomberg.com; 6/21/2024, pN.PAG-N.PAG, 1p
- Publication Year :
- 2024
-
Abstract
- Pine Labs, a digital payments provider in Asia, is considering an initial public offering (IPO) in India to raise about $1 billion. The company may seek a valuation of over $6 billion and could issue both new and secondary shares. Pine Labs serves over 500,000 merchants in India, the Middle East, and Southeast Asia, providing payment and financial services solutions. This potential IPO would be the largest by an Indian fintech firm since 2021. [Extracted from the article]
- Subjects :
- GOING public (Securities)
PINE
FINANCIAL technology
ELECTRONIC funds transfers
Subjects
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 178026314