Pine Labs IPO Surges Despite Valuation Cut

Pine Labs IPO Surges Despite Valuation Cut

First seen 15 Nov 2025, 09:32 UTC •Techcrunch •18.3

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Pine Labs, a fintech company backed by PayPal and Mastercard, successfully launched its IPO, raising $440 million. Despite a 40% reduction in valuation from its last private round, the stock opened at ₹242 and closed at ₹252, marking a 14% increase on its first trading day. This IPO is the second-largest Indian fintech listing of the year.

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