Pine Labs plans ₹3,000 crore IPO with PayPal, Mastercard backing
pre-market1 source ↓written by the desknot a recommendation
- in an IPO
- ₹3,000 crore
- a valuation near
- $3 billion
- pricing shares between
- ₹210 and ₹221
- will run
- 11 Nov 2023
Pine Labs aims to raise ₹3,000 crore in an IPO in Mumbai, with anchor bidding starting this week. The company seeks a valuation near $3 billion, pricing shares between ₹210 and ₹221. This move highlights the growing digital payments sector in India, attracting significant institutional interest.
The public offering will run until 11 Nov 2023, marking a pivotal moment for Pine Labs as it aims to solidify its position in the fintech landscape.
Not investment advice. For informational purposes only.