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Pine Labs gets green light for $1b IPO
India’s market regulator has cleared the IPO of Pine Labs, a fintech firm offering payment solutions to merchants.
Pine Labs, which competes with Paytm and PhonePe, could raise up to US$1 billion and is seeking a valuation of up to US$6 billion, according to Reuters.
The company plans to use the proceeds to invest in overseas operations, enhance technology, and reduce debt.
🔗 Source: Reuters
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