India on track for record IPO year
India is on track for a record year in initial public offerings after the value of primary listings reached their highest year-to-date level on the back of interest rate cuts and strong domestic demand for equities.
The amount raised in primary public flotations this year has hit $6.7bn, compared with $5.4bn over the same period last year, making India the world’s biggest IPO market outside the US, according to Dealogic данни. Several highly anticipated listings, including Tata Capital’s expected $2bn flotation, could propel India past last year’s $21bn raised.
“We are going to see a significant acceleration in the primary market compared to the first half, ” said Sunil Khaitan, managing director and head of India financing at Goldman Sachs, who expects as much as $20bn to be raised in the second half of the година.
Индексът на синия чип на страната 50 се възвърне от слаб старт на годината, когато Индия се занимаваше с признаци на забавена стопанска система, турбулентн...
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