14 Nov 2025 | 3 Mins Read
Pine Labs shares surge 29% in market debut, overcoming valuation concerns
Flipitmoney
Pine Labs debuted on the stock market, valuing the company at Rs 32,000 crore, after listing at Rs 242, rising 28.5% to Rs 284 on the NSE amid a booming IPO market in India. The company, backed by Temasek, PayPal, and Mastercard, issued shares at a valuation of $2.9 billion in its $440 million IPO and competes with Paytm and PhonePe.