Indian fintech Pine Labs plans IPO
Pine Labs, the India-based payments firm, is looking to raise more than $300m from its planned listing.
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This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.
The fintech has filed for an IPO and is set to issue fresh shares to meet its fundraising target of $304m.
Existing investors including PayPal, Mastercard and Peak XV are also set to divest up to 147.8 shares, as stated in the filing.
The proceeds from the IPO will be used to invest in international branches to expand the company's presence outside of India, advance technology and reduce debt.
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Sources close to her said she was prohibited from doing so as she had signed a confidentiality agreement barring her from speaking about the event until after it had taken place. The sources added that her principal goal was to raise money for the technical college founded by her father in her home city of Tacloban in the Philippines. Brunilde Le Jossec of A Small World said: 'To clarify, [our company] is not selling access, or facilitating any private meeting with members of the British royal family.' She added that it was approached directly by the Mondejar Foundation and asked to share details of their invitation to become a patron of the charity. 'Believing this a relevant opportunity to support a philanthropic cause, a representative of the events team proactively forwarded this to a small group of members, whom they believed would be interested in supporting this charitable cause,' she said.
Reuters
4 hours ago
- Reuters
South Korea's Lee nominates new finance, industry ministers
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