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). Pine Labs' debut comes in the middle of a booming IPO market in India. Over 300 companies have raised $16.55 billion through early November, with IPO fundraise for this year expected to surpass 2024's record of $20.5 billion. While the busy primary market has seen blockbuster listings from the likes of LG Electronics India and broker Billionbrains Garage Ventures, stretched valuations have limited a

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