Hyundai Motor

Hyundai IPO, India’s biggest maiden offer, sails through as QIBs come to rescue

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Hyundai IPO, India's biggest maiden offer, sails through as QIBs come to rescue

The success of India’s biggest-ever initial public offering from Hyundai Motor India Ltd came down to one key factor: a strong response from qualified institutional buyers (QIBs). But the portion set aside for retail investors, who have been driving demand in the primary market this year, wasn’t even fully subscribed. QIBs, or large institutions, put … Read more

Softbank-backed Swiggy eyes IPO filing this week, may seek to raise more than $1 billion

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Softbank-backed Swiggy eyes IPO filing this week, may seek to raise more than $1 billion

Indian food-delivery platform Swiggy Ltd. is considering filing publicly for its domestic initial public offering as soon as this week, people familiar with the matter said, adding to a strong pipeline of share sales in the country. Swiggy’s IPO may seek to raise more than $1 billion, the people said, asking not to be identified … Read more