cautious
5 days 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.
Reuters• By Sneha Pathak
Explore:High Return Equity Mutual Fund
cautious
5 days 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.
Reuters• By Sneha Pathak
Explore:High Return Equity Mutual Fund
6 days 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