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Peak XV to be top seller in Pine Labs IPO

Financial Express Pune

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June 27, 2025

FINTECH FIRM PINE Labs's upcoming initial public offering (IPO) will see several of its investors and one co-founder partially exit their holdings, according to its draft red herring prospectus (DRHP) filed on Thursday.

- AYANTI BERA

FINTECH FIRM PINE Labs's upcoming initial public offering (IPO) will see several of its investors and one co-founder partially exit their holdings, according to its draft red herring prospectus (DRHP) filed on Thursday. The company plans to raise ₹2,600 crore through a fresh issue of shares, and in addition to the primary capital raise, a group of existing shareholders, including Peak XV, Temasek, Mastercard, PayPal, and others, are collectively offering to sell up to 147.8 million shares via the offer for sale (OFS) route.

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