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Pine labs targets $2.9b valuation in upcoming ipo pine labs, an indian fintech company offering payment solutions, is targeting a valuation of up to us$2.9 billion in its upcoming ipo. India has bucked the global trend in initial public offerings this year, establishing itself as a rare bright spot for tech listings while other major markets face continued headwinds The indian startup ecosystem is set to achieve a significant milestone in 2025, with an estimated 25 startups projected to raise over rs 55,000 crores through initial public offerings (ipos).

India's market for new equity listings is entering a crucial period, with proceeds from initial public offerings in october expected to cross a record $5 billion. Indian retailer firstcry is seeking to raise up to $501 million in an initial public offering (ipo), valuing the company as much as $2.9 billion, according to a term sheet seen by reuters.

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