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SoftBank-Backed Fintech Says Valuations Are Bets on Future

  • PB Fintech says wager on future rather than current business
  • Insurance and lending comparison sites-operator jumps on debut
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Yashish Dahiya’s PB Fintech Ltd. climbed 23% on its first day of trading after raising $761 million in an IPO. Now comes the hard part.

“Now, we have to deliver,” the founder and chief executive officer said just hours after the stock made its debut Monday.