Pine Labs Prepares for $1-Billion IPO in FY26

CosmicTaco · 2024-11-26T11:34:47.702366+05:30

* Fintech giant Pine Labs has selected five investment banks for its $1-billion IPO, set to launch in the first half of FY26. * A secondary transaction of around $100 million is planned in a pre-IPO round, allowing existing backers to sell shares. * The company is expected to seek a valuation of over $6 billion for the IPO, higher than its $5 billion valuation during a private fundraise in March 2022. Source: [Moneycontrol](https://www.moneycontrol.com/news/business/ipo/pine-labs-picks-bankers-for-1-bn-ipo-gears-up-to-go-public-in-first-half-of-fy26-12875709.html)

Fintech giant Pine Labs has selected five investment banks for its $1-billion IPO, set to launch in the first half of FY26.
A secondary transaction of around $100 million is planned in a pre-IPO round, allowing existing backers to sell shares.
The company is expected to seek a valuation of over $6 billion for the IPO, higher than its $5 billion valuation during a private fundraise in March 2022.

Source: Moneycontrol