Pine Labs files for IPO with Rs 2,600 crore fresh issue; Peak XV, PayPal to pare stakes
Pine Labs Thursday filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), seeking to raise up to Rs 2,600 crore through an initial public offering. The IPO will comprise a fresh issue and an offer for sale of up to 147.8 million shares.
The Noida-based merchant payment processor is backed by some of the biggest names in global fintech investing.
