Hyundai India's IPO banks to receive $40m in fees for $3bn raise, making it India's second-highest IPO fee.

Hyundai India IPO banks are set to receive $40 million in fees, making it the second-highest IPO fee in India. Hyundai India's unit submitted IPO documents to the Indian regulator to raise around $3 billion. The South Korean parent will pay banks, including JPMorgan, Citigroup, and HSBC, 1.3% of the IPO size. This deal follows a surge in equity deals in India, making it a bright spot in the region.

June 26, 2024
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