Pine Labs IPO Soon #shorts #ytshorts #pinelabsshare #pinelabsipo #pinelabs #finance

Pine Labs IPO Soon #shorts #ytshorts #pinelabsshare #pinelabsipo #pinelabs #finance

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Work is on fast track at Pine Labs as the fintech company plans to file documents for an initial public offering (IPO) by the middle of February

With formalities for shifting base to India from Singapore completed, the company wants to tap the Indian capital market at the earliest, sources said. The aim is to go public by August, bankers said.

An email sent to Pine Labs, which offers online and offline gateway (point of sales terminals) services to e-commerce and retail merchants besides gifting and credit, seeking its comments remained unanswered.

Axis Capital, Citi, Morgan Stanley, Jefferies and JPMorgan have been appointed bankers to the IPO.

Registered as a Singapore entity, the company had to move the domicile, to list in India. The process, known as reverse flipping, concluded a few weeks back, paving the way for the IPO.

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