Pine Labs Cuts IPO Valuation 40%, Eyes Global Expansion
Indian fintech giant Pine Labs is taking an unconventional path to public markets. The Gurugram-based payments platform has slashed its IPO valuation by approximately 40% from over $5 billion in 2022 to roughly $2.9 billion ahead of its November 2025 debut. This dramatic markdown isn’t desperation—it’s strategy. Pine Labs, widely recognised for merchant commerce and […]
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