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-7.26084588853941E-05 7.26084588856005E-05 0.00177890724269381 0.0009257578507896 0.000671628244690515 -1.48847340714975E-05 -0.00179996369577046 -0.00522780903975312
Stock impact report

Pine Labs gets warm market welcome on $440M India IPO despite a valuation trim [TechCrunch]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: TechCrunch
14% higher even after lowering its valuation for its $440 million IPO. This makes it the second-largest Indian fintech listing this year after online brokerage Groww's nearly $750 million debut earlier this week. The stock opened at ?242 and rose as high as ?284 before settling at ?252, up from the issue price of ?221, resulting in a market capitalization of ?289 billion (approximately $3.3 billion) for the Gurugram-based company. It's a step down from Pine Labs' 2022 private valuation of over $5 billion , but still a clear signal that investors are backing India's growing push to take its fintech model global. Founded in 1998, Pine Labs has been steadily expanding beyond India and now operates in 20 markets, including Malaysia, Singapore, Australia, the UAE, the U.S., and some parts of Africa. What started as a point-of-sale terminal provider has since evolved into a broader payments platform that supports bill payments, account-aggregator transactions, and a range of merchant Show less Read more
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