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.
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. What's Your Reaction?
