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