Sell-downs, IPOs dominate private equity exits in November, shows data

November proved to be a good month for private equity (PE) and venture capital (VC) funds as far as exits via initial public offerings (IPOs) and sell-downs in listed firms were concerned.

The month recorded six PE-backed IPOs worth $361 million.

Meanwhile, PE investors sold shares in 13 listed firms worth $857 million, according to a report by the Indian Venture and Alternate Capital Association (IVCA) and EY.

The share sales were mainly based on the expiry of the subsequent IPO lock-in period in several marquee start-ups.

“November 2022 saw a return of PE-backed IPOs, with