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Indian digital payments company Pine Labs prices its IPO at $2 to $2.5/share, valuing it at $2.9B at the top end of the range, down from a $5B valuation in 2022 (Jagmeet Singh/TechCrunch)

Techmeme•Monday, November 3, 2025 at 5:40:45 PM
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Indian digital payments company Pine Labs prices its IPO at $2 to $2.5/share, valuing it at $2.9B at the top end of the range, down from a $5B valuation in 2022 (Jagmeet Singh/TechCrunch)
Pine Labs, an Indian digital payments company, has priced its IPO between $2 to $2.5 per share, resulting in a valuation of $2.9 billion at the upper end. This marks a significant drop from its previous valuation of $5 billion in 2022. The reduced valuation reflects the challenges faced by the fintech sector and highlights the shifting landscape of digital payments in India. As Pine Labs aims to expand globally, this IPO could be a crucial step, but the lower valuation raises concerns about investor confidence and market conditions.
— Curated by the World Pulse Now AI Editorial System
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