CosmicTaco

Hyundai Motor India's $3B IPO Set to Break Records

CosmicTaco · 2024-10-10T08:27:59.175790+05:30

- Hyundai Motor India is launching a $3 billion IPO next week, the largest in the country's history. - The IPO comes amid a booming stock market, with 260 companies raising over $9 billion in 2024. - Previous record IPOs include LIC's $2.50 billion in 2022, Paytm's 183 billion rupee IPO in 2021, and Coal India's 154.75 billion rupee IPO in 2010. - Reliance Power and General Insurance Corporation of India also had significant IPOs, raising 115.18 billion rupees and 113.73 billion rupees respectively. - The success of these IPOs varied, with some facing delays, oversubscription, and stock tumbles. Source: [Reuters](https://www.reuters.com/business/autos-transportation/indias-biggest-ipos-before-hyundai-motor-unit-flotation-2024-10-09/)

Hyundai Motor India is launching a $3 billion IPO next week, the largest in the country's history.
The IPO comes amid a booming stock market, with 260 companies raising over $9 billion in 2024.
Previous record IPOs include LIC's $2.50 billion in 2022, Paytm's 183 billion rupee IPO in 2021, and Coal India's 154.75 billion rupee IPO in 2010.
Reliance Power and General Insurance Corporation of India also had significant IPOs, raising 115.18 billion rupees and 113.73 billion rupees respectively.
The success of these IPOs varied, with some facing delays, oversubscription, and stock tumbles.

Source: Reuters