Reported about 3 hours ago
India's markets regulator has given the green light for Pine Labs, a fintech company, to proceed with its initial public offering (IPO), potentially valued at $1 billion. Competing with Paytm and Walmart's PhonePe, Pine Labs aims for a valuation of up to $6 billion. The IPO proceeds will be used for overseas investments, technology development, and debt reduction. Additionally, the regulator has also approved IPOs for Hero Motors and Canara Robeco Asset Management.
Source: YAHOO