India’s Pine Labs plans to raise $439m via IPO

Digital payments provider Pine Labs has announced plans to raise as much as $439m through an initial public offering (IPO) in Mumbai. The Pine Labs’ IPO will offer shares priced between Rs210 ($2.37) and Rs221 ($2.49) each, with the company seeking a valuation of Rs253.77bn ($2.86bn) at the upper end of the price band. While anchor investors will be able to place their bids on 6 November, the subscription window for other investors is scheduled from 7 November to 11 November, as outlined by the company i ...