Pine Labs pares IPO size, sets public offer for early November

Payments and fintech company Pine Labs trimmed the size of its planned IPO and confirmed an early-November launch window as it seeks to balance market appetite and valuation. The revised prospectus reduces the fresh issue element while keeping an offer-for-sale component for pre-IPO shareholders. Pine Labs, which provides merchant-facing payment and lending products across Asia, cited strategic capital allocation for product expansion and inorganic opportunities as reasons to tap public markets at this juncture.