India, March 18 -- Fintech major Pine Labs is eyeing the launch of its initial public offering (IPO) in the second half of 2025, its CEO Amrish Rau said.

Despite the ongoing correction in the Indian market, the company will remain committed to its IPO timeline, Rau told Reuters.

"We would want to go for an IPO in the second half of this year," the CEO said, emphasising the focus on building a long-lasting company.

"I really shouldn't be swayed by market conditions and should be more focussed on building a company which is here to last for long," he was quoted as saying.

While Rau didn't disclose the size of the IPO, the report, citing sources, said that Pine Labs is eyeing a $1 Bn public issue. It would comprise an issue of fresh equi...