Indian fintech firm Pine Labs $440 Million IPO subscribed on the Final Day

We’re at a key moment in India’s fintech story with Pine Labs going public. The company launched an initial public offering (IPO) worth about US$440 million. On the final day of bidding, the IPO was fully subscribed, meaning demand matched the shares offered. We’ll walk through who Pine Labs is, how the IPO was structured, what the market reaction has been, and what’s ahead for the company.