Pine Labs Files DRHP For IPO

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SUMMARY

Pine Labs’ IPO will comprise a fresh issue of shares worth up to INR 2,600 Cr ($304 Mn) and an OFS of up to 14.78 Cr shares.

The OFS will see existing investors Mastercard, Peak XV Partners, Macritchie Investments, Paypal, cofounder Lokvir Kapoor, among others sell their shares

The unicorn will use the proceeds from the fresh issue to repay debt and invest in subsidiaries like Qwikcilver Singapore, Pine Payment Solutions Malaysia, and Pine Labs UAE

Fintech unicorn Pine Labs has filed its draft red herring…



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Pine Labs Files DRHP For IPO


SUMMARY

Pine Labs’ IPO will comprise a fresh issue of shares worth up to INR 2,600 Cr ($304 Mn) and an OFS of up to 14.78 Cr shares.

The OFS will see existing investors Mastercard, Peak XV Partners, Macritchie Investments, Paypal, cofounder Lokvir Kapoor, among others sell their shares

The unicorn will use the proceeds from the fresh issue to repay debt and invest in subsidiaries like Qwikcilver Singapore, Pine Payment Solutions Malaysia, and Pine Labs UAE

Fintech unicorn Pine Labs has filed its draft red herring…



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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