Try GOLD - Free
Pine Labs readies early November IPO launch
Mint Bangalore
|October 14, 2025
Fintech received Sebi nod in September; was last valued at $5 bn in 2022
Fintech company Pine Labs, backed by Peak XV, is targeting a public listing by the second week of November. The company's $700 million initial public offering (IPO) is expected to open in the first week of November, according to three people familiar with the plans.
“The company is likely to go public between November 10-15. The bankers are preparing accordingly,” one of the persons cited above said.
Pine Labs is seeking a valuation of around $6 billion in the IPO and counts Temasek, Peak XV, Sofina, and Alpha Wave among its investors. The company was last valued at about $5 billion in early 2022. Other marquee new-age companies eyeing the public market in this window include Groww and Lenskart, Bloomberg reported on Monday.
This story is from the October 14, 2025 edition of Mint Bangalore.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Bangalore
Mint Bangalore
Satellite internet firms may see fee cut for remote areas
Discount would apply to 5% annual spectrum charge that DoT plans to levy on the firms
2 mins
November 17, 2025
Mint Bangalore
From TV to AI: Traditional media firms expanding horizons
As streaming budgets shrink and theatrical growth slows, traditional media firms are rapidly diversifying to cast wider nets.
2 mins
November 17, 2025
Mint Bangalore
IFC, two others likely to buy 49% in Hygenco in $250 million deal
produce 5 million tonnes (mt) of green hydrogen by 2030.
3 mins
November 17, 2025
Mint Bangalore
DO YOU OWN PAPER OR GOLD? THE CRITICAL FINE PRINT ON SGBS
Ow Bertie is quite chuffed that he owns Sovereign Gold Bonds (SGBs).
2 mins
November 17, 2025
Mint Bangalore
Saudi firms paring back pay premiums
Saudi firms are scaling back generous salary premiums that once lured top foreign talent into sectors such as construction and manufacturing as the kingdom reins in spending and reorders economic priorities, four recruiters told Reuters.
1 min
November 17, 2025
Mint Bangalore
In India's car labs, Chinese models new benchmark
Walk into the vehicle development centre of any major Indian carmaker and you'll find dozens of rival cars stripped to their bones, engineers poring over every exposed circuit, nut and wire. Such 'benchmark-ing' helps companies understand why some models work while others don't, track technology trends, and plan their own vehicle roadmaps.
1 min
November 17, 2025
Mint Bangalore
IFC, two others may pick 49% in green H₂ maker Hygenco
The World Bank's International Finance Corp. (IFC), Munich-headquartered Siemens AG, and Singapore's Fullerton Fund Management may acquire at least 49% in Gurugram-based green hydrogen manufacturer Hygenco Green Energies Pvt. Ltd, two people aware of the development said.
1 min
November 17, 2025
Mint Bangalore
The ultrarich are spending a fortune to live in extreme privacy
When developers Masoud and Stephanie Shojaee dined out recently, they headed to the members-only section of MILA restaurant in Miami Beach, Fla., where they were whisked to a table already bearing their favorite cocktails and chopsticks engraved with their names.
5 mins
November 17, 2025
Mint Bangalore
Satellite internet firms may see fee cut for remote areas
Discount would apply to 5% annual spectrum charge that DoT plans to levy on the firms
2 mins
November 17, 2025
Mint Bangalore
The benefits of including women in the boardroom
Inclusive and diverse leadership is the key to accelerating social impact and improving economic outcomes
3 mins
November 17, 2025
Listen
Translate
Change font size