Pine Labs to file DRHP for Rs 5,000-6,000 crore IPO by June-end

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Merchant payments and lending platform Pine Labs is set to file its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) by the end of this month, as it gears up for a public listing later this year, people aware of the matter told ET.

The Noida-headquartered firm is looking to raise Rs 5,000-6,000 crore through the initial public offering (IPO), they said. The listing could value the company at around $4-5 billion, as per preliminary estimates, similar to its last private valuation.

Pine Labs has appointed Axis…



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Pine Labs to file DRHP for Rs 5,000-6,000 crore IPO by June-end


Merchant payments and lending platform Pine Labs is set to file its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) by the end of this month, as it gears up for a public listing later this year, people aware of the matter told ET.

The Noida-headquartered firm is looking to raise Rs 5,000-6,000 crore through the initial public offering (IPO), they said. The listing could value the company at around $4-5 billion, as per preliminary estimates, similar to its last private valuation.

Pine Labs has appointed Axis…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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