The initial public offering (IPO) activity in the country is headed for a record year in 2017. The past quarter saw 26 IPOs raising $1.8 billion.
The re-emergence of larger listings in the pipeline can also help India far exceed the initially expected target of $5 billion in proceeds for 2017. There has been particularly strong activity in the insurance sector due to regulatory changes and a number of major insurance companies are getting ready for their IPOs. An increased number of issuers aim to take advantage of a rally in the stock market and increased investor ...
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