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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Its core POS machine business is small and growing slowly, and the company has done little else to justify its high valuation.
Like beauty, valuation lies in the eye of the beholder. It is in this context that we ask this question. What kind of fintech business would you pay a $5 billion valuation for? And will it be Pine Labs?
These two questions were at the centre of our dilemma after a detailed reading of Pine Labs’s draft red herring prospectus. Why? Read on.
Pine Labs is best known for its point-of-sale machines, which stores use to receive digital payments. This business has been the 27-year-old Gurugram-based fintech’s mainstay; it has a strong roster of large long-term enterprise retail companies. The …
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
The fintech is gearing up to go public at a $5-6 billion valuation. Much like beauty, value lies in the eyes of the beholder, but public markets are rightly cross at obscene startup valuations.
The kingdom is moving to tighten the rules around public listings, algorithmic trading, trading in foreign securities and company disclosures—all in an effort to chase transparency.
