As fintech major Pine Labs gears up for its initial public offering (IPO), its Draft Red Herring Prospectus has highlighted its top executives' pay and stock options, including those of Chief Executive Officer (CEO) Amrish Rau. Rau's net worth is estimated at Rs 850 crore-1,000 crore following the IPO.
This makes it the most valued fintech company in the country after Paytm and Walmart-owned PhonePe.
The recovering valuations, will lead to enhanced optimism among investors about funding startups.
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