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8h agoFintech Firm Pine Labs Cuts IPO Size Amid Dilution Concerns
Pine Labs, an Indian fintech platform valued previously at ~$5 billion, has trimmed the size of its upcoming IPO. The fresh share issuance has been reduced by ~20% while the stake sale by existing investors such as PayPal, Temasek and Mastercard has been cut ~44%, with 82.3 million shares now planned versus 147.8 million initially. At the revised price band of ₹210–₹221 per share, the firm is now targeting a valuation of ~$2.9 billion. The IPO is scheduled for 7–11 November 2025, indicating caution amid broader tech‐listing pressure.
cautious
8h agoFintech Firm Pine Labs Cuts IPO Size Amid Dilution Concerns
Pine Labs, an Indian fintech platform valued previously at ~$5 billion, has trimmed the size of its upcoming IPO. The fresh share issuance has been reduced by ~20% while the stake sale by existing investors such as PayPal, Temasek and Mastercard has been cut ~44%, with 82.3 million shares now planned versus 147.8 million initially. At the revised price band of ₹210–₹221 per share, the firm is now targeting a valuation of ~$2.9 billion. The IPO is scheduled for 7–11 November 2025, indicating caution amid broader tech‐listing pressure.
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cautious
Fintech Firm Pine Labs Cuts IPO Size Amid Dilution Concerns
about 9 hours ago
1 min read
88 words
Pine Labs cuts IPO size and valuation to ~$2.9 bn as shareholders sell fewer shares ahead of its 7–11 Nov issue.
Pine Labs, an Indian fintech platform valued previously at ~$5 billion, has trimmed the size of its upcoming IPO. The fresh share issuance has been reduced by ~20% while the stake sale by existing investors such as PayPal, Temasek and Mastercard has been cut ~44%, with 82.3 million shares now planned versus 147.8 million initially. At the revised price band of ₹210–₹221 per share, the firm is now targeting a valuation of ~$2.9 billion. The IPO is scheduled for 7–11 November 2025, indicating caution amid broader tech‐listing pressure.
Pine Labs, an Indian fintech platform valued previously at ~$5 billion, has trimmed the size of its upcoming IPO. The fresh share issuance has been reduced by ~20% while the stake sale by existing investors such as PayPal, Temasek and Mastercard has been cut ~44%, with 82.3 million shares now planned versus 147.8 million initially. At the revised price band of ₹210–₹221 per share, the firm is now targeting a valuation of ~$2.9 billion. The IPO is scheduled for 7–11 November 2025, indicating caution amid broader tech‐listing pressure.
Companies:
Pine Labs
PayPal
Temasek
+1 more
Tags:
ipo
india
ipo
india
fintech
pinalabs
tech listings
Nov 4, 2025 • 10:02 IST