Citigroup predicts 4-5 $1Bn+ IPOs in India next year.

Citigroup predicts a boom in large IPOs in India, with 4-5 IPOs of at least $1bn each expected over the next year. This comes after a period of small deals, driven by factors like solid economic growth, earnings beating estimates, and a surge in mutual fund flows. With India outpacing Hong Kong and South Korea in IPO proceeds, this expansion of IPO options could attract more global investors to India's equities market.

May 21, 2024
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