Hyundai Motor Co. plans a $2.5-3B IPO for its Indian unit, potentially valuing it at $20B.
Hyundai Motor Co. considers an IPO of its Indian unit, aiming to raise around $2.5-3 billion, which could be one of the largest IPOs in South Asia. Hyundai has selected Citi, JP Morgan, and HSBC Securities, along with Kotak Mahindra Capital and Morgan Stanley, as advisors. The company plans to file for an IPO in June, potentially valuing the Indian arm at around $20 billion.
May 27, 2024
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