Pine Labs Sets Sights on Global Expansion Despite Lower IPO Valuation
Pine Labs, an Indian company that helps businesses manage payments, is preparing to go public this week. However, the company has decided to set its initial market value about 40% lower than what it was worth during its last funding round. This move may surprise some, but Pine Labs is still focused on expanding its financial technology services beyond India and reaching customers worldwide.
Backed by major companies like PayPal and Mastercard, Pine Labs is determined to grow its presence in the fintech industry. Despite the lower valuation for its initial public offering (IPO), the company has ambitious plans to take its platform to a global audience, aiming to attract more businesses and customers in various countries.