Indian fintech firm Pine Labs confidentially files for US IPO

Indian fintech firm Pine Labs confidentially files for US IPO

IPO

Indian merchant commerce platform Pine Labs has confidentially filed for a U.S initial public offering to raise about $500 million, Bloomberg News reported on Monday, citing people familiar with the matter.

The Temasek and Mastercard-backed company‘s listing could give it a valuation of about $5.5 billion to $7 billion, according to the report.

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