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3h agoIndia’s Pine Labs Cuts IPO Size Amid Lower Valuation and Investor Seller Discipline
Indian fintech firm Pine Labs has reduced the size of its upcoming IPO after existing shareholders decided to sell fewer shares at its price band of ₹210-₹221 per share, valuing the business at roughly US$2.9 billion — significantly lower than its US$5 billion valuation in 2022. The updated prospectus shows a 44% cut in existing-shareholder sell-down and a 20% cut in the fresh issue. The firm will now raise ~₹2,080 crore (~US$236 million) in new capital. The IPO opens 7-11 November 2025, amid a crowded tech-listing calendar.
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3h agoIndia’s Pine Labs Cuts IPO Size Amid Lower Valuation and Investor Seller Discipline
Indian fintech firm Pine Labs has reduced the size of its upcoming IPO after existing shareholders decided to sell fewer shares at its price band of ₹210-₹221 per share, valuing the business at roughly US$2.9 billion — significantly lower than its US$5 billion valuation in 2022. The updated prospectus shows a 44% cut in existing-shareholder sell-down and a 20% cut in the fresh issue. The firm will now raise ~₹2,080 crore (~US$236 million) in new capital. The IPO opens 7-11 November 2025, amid a crowded tech-listing calendar.
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India’s Pine Labs Cuts IPO Size Amid Lower Valuation and Investor Seller Discipline
about 3 hours ago
1 min read
87 words
Pine Labs trims IPO size as valuation resets and existing shareholders sell less at current price band.
Indian fintech firm Pine Labs has reduced the size of its upcoming IPO after existing shareholders decided to sell fewer shares at its price band of ₹210-₹221 per share, valuing the business at roughly US$2.9 billion — significantly lower than its US$5 billion valuation in 2022. The updated prospectus shows a 44% cut in existing-shareholder sell-down and a 20% cut in the fresh issue. The firm will now raise ~₹2,080 crore (~US$236 million) in new capital. The IPO opens 7-11 November 2025, amid a crowded tech-listing calendar.
Indian fintech firm Pine Labs has reduced the size of its upcoming IPO after existing shareholders decided to sell fewer shares at its price band of ₹210-₹221 per share, valuing the business at roughly US$2.9 billion — significantly lower than its US$5 billion valuation in 2022. The updated prospectus shows a 44% cut in existing-shareholder sell-down and a 20% cut in the fresh issue. The firm will now raise ~₹2,080 crore (~US$236 million) in new capital. The IPO opens 7-11 November 2025, amid a crowded tech-listing calendar.
Companies:
Pine Labs
Tags:
ipo
india
ipo
india
fintech
capital-markets
pinnelabs
Nov 4, 2025 • 19:33 IST