Reported 4 months ago
India is experiencing a surge in share sales, particularly initial public offerings (IPOs), as the uncertainty surrounding the recent elections clears up. The country has raised about $3.9 billion through IPOs this year, more than double compared to the same period last year, indicating a robust market for new listings. The upcoming IPOs, including big-ticket offerings like Hyundai Motor Co.'s India unit, are expected to drive the market further, with experts predicting a potential IPO fundraising exceeding $20 billion over the next two years. The positive economic growth and investor confidence post-election in India have created a favorable environment for companies to capitalize on the opportunity, leading to a significant uptick in IPO activity.
Source: YAHOO