US EditionPine Labs Shares Off to a Firm Start, List at 9.50% Premium over IPO Price in Indian Stock Market
Pine Labs’ shares closed 14% above IPO price, valuing the Gurugram-based fintech at $3.3 billion as it expands globally and deepens India presence, backed by major investors.
- Pine Labs, backed by PayPal and Mastercard, finished its first trading day 14% higher for its $440 million IPO on Friday.
- Amid a revived IPO market, a public-listing wave fuelled by strong domestic investor appetite, eased interest-rate conditions and regulatory nudges prompted more startups to go public.
- Pine Labs, operating in 20 markets, turned profitable in the June quarter, with revenue rising 17.9% to �6.16 billion, and overseas revenue contributing roughly 15%.
- Existing investors including Peak XV Partners, Temasek Holdings, PayPal and Mastercard sold part of their holdings, while Pine Labs plans to expand geographically and deepen its presence in India.
- Following Groww's nearly $750 million debut earlier this week, global finance IPOs have reached $3.3 billion so far in 2025, Dealogic reports.
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Pine Labs shares off to a firm start, list at 9.50% premium over IPO price in Indian stock market
Pine Labs IPO listing: Shares of fintech firm Pine Labs were off to a solid start on Dalal Street despite a tepid response to its initial public offering as they listed at a nearly 10% premium on the exchanges today, November 14.
Pine Labs shares list at 9.5% premium over IPO price
Pine Labs share price: Fintech major Pine Labs debuted on the stock exchange with a 9.5% premium, listing at Rs 242. The Rs 3,900-crore IPO saw strong institutional demand, with QIBs subscribing 3.97 times. The company, a recognized merchant commerce platform, turned profitable in Q1 FY26, with IPO proceeds earmarked for debt repayment, technology investments, and expansion.
Pine Labs Share Price Updates: PayPal-backed company shares trade 18% above Rs 221-IPO price
Pine Labs share price live updates: PayPal-backed Pine Labs made a strong debut on bourses today. The The initial public offering (IPO) received 2.46 times subscription on the final day of share sale. The IPO comprised of a fresh issue of shares worth Rs 2,080 crore and an offer for sale (OFS) of over 8.23 crore equity shares, valuing Rs 1,819.9 crore at the upper end, by existing shareholders. The price band was fixed at Rs 210-221 per share.
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