FILE PHOTO: A worker uses a Pine Labs machine for transaction at a fuel station in Ahmedabad, India, August 5, 2022. REUTERS/Amit Dave/File Photo
BENGALURU -India's Pine Labs soared in its trading debut on Friday, valuing the company at 320.27 billion rupees ($3.64 billion), as strong growth prospects for the payment solutions company trumped valuation worries in a sizzling IPO market.
After listing at 242 rupees, the stock rose as much as 28.5% higher than its issue price of 221 rupees to 284 rupees on the National Stock Exchange (NSE).
