News Summary

• Aye Finance, a lender targeting small- and medium-sized businesses in India, is seeking to raise $171 million from its initial public offering
• The offering comprises a $104 million fresh share issue and a $67 million secondary sale by existing investors
• The lender, backed by Alphabet’s venture arm, CapitalG, is currently valued at about $400 million and operates 499 branches across 22 Indian states