Pine Labs gets Wall St bankers for US IPO, eyes over $6 billion valuation

Mumbai | Bengaluru: Pine Labs, a digital payments and merchant commerce firm, has appointed Wall Street investment banks Morgan Stanley and Goldman Sachs as advisors for its initial public offering (IPO) in the US next year, sources aware of the matter said.

The India and Southeast Asia-focused e-payments firm is looking at a valuation of around $6 billion through the IPO but it could rise further, they added.