Pine Labs made a strong stock market debut on Friday, listing at Rs 242 per share on the BSE and NSE—a 9.5% premium over its issue price of Rs 221. The listing was slightly better than grey market expectations and signalled a steady start for one of India’s leading digital payments and merchant-commerce companies. The … Read more
In the run-up to a public listing, profitability often becomes the most closely watched number. It is one among several other metrics that gives confidence to investors to go ahead and buy the IPO. But, there is a particular trend emerging for most new-age companies, where the financials show sudden profits in the most recent … Read more
ET Intelligence Group: Pine Labs, a digital payment services provider to merchants, plans to raise upto ₹2,080 crore through fresh equity to strengthen cloud infrastructure and repay debt and upto ₹1,819 crore through an offer for sale (OFS). The OFS will be carried out by 10 existing investors including Peak XV, Paypal, and MasterCard Asia. … Read more
Payments and merchant commerce firm Pine Labs has appointed Wall Street investment banks Morgan Stanley and Goldman Sachs as advisors for its initial public offering (IPO) in the United States next year, sources aware of the matter said. The India and Southeast Asia-focused e-payments firm is looking at a valuation of around $6 billion through … Read more