File pic - Reuters
SEOUL: Hyundai India will start taking orders for its US$3.3bil initial public offering (IPO) in Mumbai soon, the company says in regulatory filings, a deal that will be the country’s largest ever share offering and world’s second biggest IPO in 2024.
The IPO shows that India’s red hot capital markets show no sign of cooling, with 260 companies having raised more than US$9bil so far in 2024, according to LSEG data.
