Pine Labs aims to take Indian fintech global even as it cuts valuation for IPO
Update: 2025-11-03
Description
Pine Labs, a fintech company known for its point-of-sale systems, has reduced its IPO size by 20% to $234 million. The primary share sale is now nearly $21 billion, and the number of shares offered by existing investors has been cut nearly in half. Despite this, Pine Labs is expanding internationally, serving over 980,000 merchants in 12 countries and processing over 6 billion transactions worth $128 billion. The company's revenue from international markets has surged by 60% between 2023 and 2025, and it's poised to make a significant impact in the global fintech landscape.
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