Retail investors are expected to keep piling into initial public offerings (IPOs) this year, as hefty gains for new stocks outpace the broader market and listings abroad.
Shares that began trading on the indices this year have delivered an average gain of about 57 per cent since their debut, according to data compiled by Bloomberg. That compares with 32 per cent for Asia Pacific and is more than double the global average, the data show.
At least 15 more companies are working on offerings that could materialise in coming months and may raise a combined $11 billion.
Buying by retail investors has been key for the success of such sales in India, one of the hottest spots globally for IPOs in 2024 as surging valuations and good economic prospects lure issuers.
Denne historien er fra July 11, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Denne historien er fra July 11, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
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