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Fintech firm Pine Labs is considering raising about $1 billion in an initial public offering (IPO) in India, sources say. The digital payments provider, backed by Peak XV Partners and Mastercard Inc., may seek a valuation of more than $6 billion. The decision comes amid increasing investor appetite in the nation’s stock market. Pine Labs may also consider a pre-IPO round to benchmark its valuation.
Pine Labs IPO: The company may seek a valuation of more than $6 billion in an IPO, according to industry sources https://t.co/sAtFjf6kPk
StartUp Central | Take a look at the top startup headlines this hour📢 ➡️ Zepto raises $665 mn at $3.6 bn valuation ➡️ Pine Labs weighs $1bn IPO in India ➡️ Oyo to raise ₹417 cr via preference shares ➡️ MarketsMojo appoints Amit Golia as Group CEO ➡️ Eume raises ₹15 cr in… https://t.co/2N2U64UAKg
🚨🚨 Another fintech IPO in the works. Pine Labs, a digital payments provider, is planning a $1 billion IPO at a valuation of more than $6 billion in India. It may consider a pre-IPO round to benchmark its valuation https://t.co/8ZTJlaHeCR
