neutral
9h agoIndia’s fintech major Pine Labs trims its IPO size ahead of November launch
Indian payments‑technology firm Pine Labs has reduced the size of its upcoming initial public offering, cutting the secondary portion by 44% and the primary share by 20%.
The company set a price band of ₹210‑221 per share, valuing the business at around US$2.9 billion at the upper end. The adjustment reflects investor caution in the current public markets environment.
The IPO opens on November 7 and closes on November 11. Market participants see this as a sign of tempered enthusiasm despite India's robust start‑up ecosystem.
Reuters• By Sneha Pathak
Explore:Mutual Fund Screening
neutral
9h agoIndia’s fintech major Pine Labs trims its IPO size ahead of November launch
Indian payments‑technology firm Pine Labs has reduced the size of its upcoming initial public offering, cutting the secondary portion by 44% and the primary share by 20%.
The company set a price band of ₹210‑221 per share, valuing the business at around US$2.9 billion at the upper end. The adjustment reflects investor caution in the current public markets environment.
The IPO opens on November 7 and closes on November 11. Market participants see this as a sign of tempered enthusiasm despite India's robust start‑up ecosystem.
Reuters• By Sneha Pathak
Explore:Mutual Fund Screening
about 9 hours ago
1 min read
83 words
Pine Labs cuts IPO size to US$2.9 bn valuation amid cautious investor sentiment.
Indian payments‑technology firm Pine Labs has reduced the size of its upcoming initial public offering, cutting the secondary portion by 44% and the primary share by 20%.
The company set a price band of ₹210‑221 per share, valuing the business at around US$2.9 billion at the upper end. The adjustment reflects investor caution in the current public markets environment.
The IPO opens on November 7 and closes on November 11. Market participants see this as a sign of tempered enthusiasm despite India's robust start‑up ecosystem.
Indian payments‑technology firm Pine Labs has reduced the size of its upcoming initial public offering, cutting the secondary portion by 44% and the primary share by 20%.
The company set a price band of ₹210‑221 per share, valuing the business at around US$2.9 billion at the upper end. The adjustment reflects investor caution in the current public markets environment.
The IPO opens on November 7 and closes on November 11. Market participants see this as a sign of tempered enthusiasm despite India's robust start‑up ecosystem.
Companies:
Pine Labs
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ipo
India
ipo
India
fintech
Pine Labs
public markets
Nov 7, 2025 • 21:50 IST