IPO-bound Pine Labs gets $100 Mn from Invesco Developing Markets Fund
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Merchant commerce platform Pine Labs is on a fundraising spree before its public listing in the US. After raising $600 million, the company has raised $100 million from Invesco Developing Markets Fund. The fresh funding has come at a time when Pine Labs’ Singapore-based holding entity had converted into a public company and renamed as Pine Labs Limited. This indicates that the company’s IPO preparation is in full swing.