Pine Labs files for Rs 2,600 crore IPO; Peak XV, PayPal to pare holdings

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Pine Labs has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi), marking its intent to go public with a Rs 2,600 crore fresh issue and an offer for sale (OFS) of up to 147.8 million shares.

The Noida-based merchant commerce firm is backed by some of the biggest names in global fintech investing. Peak XV Partners (formerly Sequoia India), Temasek’s Macritchie Investments, PayPal, Mastercard, Invesco, Actis, and Madison India are among the investors looking to partially exit through the OFS. Cofounder…



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Pine Labs files for Rs 2,600 crore IPO; Peak XV, PayPal to pare holdings



Pine Labs has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi), marking its intent to go public with a Rs 2,600 crore fresh issue and an offer for sale (OFS) of up to 147.8 million shares.

The Noida-based merchant commerce firm is backed by some of the biggest names in global fintech investing. Peak XV Partners (formerly Sequoia India), Temasek’s Macritchie Investments, PayPal, Mastercard, Invesco, Actis, and Madison India are among the investors looking to partially exit through the OFS. Cofounder…



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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