Pine Labs and Avanse IPOs to help PE investor exit
Two major financial sector IPOs are set to enter the market in India this year, with Avanse Financial Services planning a Rs 3,500-crore IPO and Pine Labs aiming to raise $1 billion. Avanse, an education loan provider, and Pine Labs, a digital payments company in Asia, are capitalizing on the bullish sentiment and high earnings multiples of Indian stocks.
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Jun 21, 2024
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Two major financial sector IPOs are set to enter the market in India this year, with Avanse Financial Services planning a Rs 3,500-crore IPO and Pine Labs aiming to raise $1 billion. Avanse, an education loan provider, and Pine Labs, a digital payments company in Asia, are capitalizing on the bullish sentiment and high earnings multiples of Indian stocks.
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