Pine Labs IPO Valuation Cut Yet Stock Rises on Market Debut

Pine Labs IPO Valuation Cut Yet Stock Rises on Market Debut

First seen 2 Dec 2025, 18:33 UTC •Techcrunch •5.6

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Pine Labs, a payment technology company backed by PayPal and Mastercard, launched its IPO at a valuation 40% lower than its last private round, raising $440 million. Despite this valuation cut, the stock opened at ₹242 and closed 14% higher at ₹252 on its first trading day, marking a successful debut in the Indian fintech market.

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