India, Sept. 13 -- Indian digital payments unicorn Pine Labs has converted into a public company, a mandatory step required for a startup to do before it files for an initial public offering (IPO). The fintech company's parent - Pine Labs Pte - which is based in Singapore has converted into Pine Labs Limited.

As per media reports, the merchant commerce platform is likely to list itself in the US next year. However, with its conversion into a public company, the fintech player might look at early listing. Earlier reports have suggested that Pine Labs eyeing for $5 Bn valuation with the IPO.

Pine Labs have now joined the bandwagon of Indian startups such as hospitality giant OYO, cab aggregator Ola, and edtech giant BYJU's who are likely ...