MUMBAI -- Shares of financial tech company Pine Labs made their debut on India's main bourses on Friday, closing 13.5% above the price of its 39 billion rupee ($440 million) initial public offering, which was two times oversubscribed earlier this week.
IPO
Indian fintech Pine Labs rises in trading debut after $440m offering
Payments company had earlier slashed IPO over valuation concerns
Pine Labs provides payment solutions such as point-of-sale devices and software to merchants, competing with the likes of Paytm and PhonePe. © Reuters
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