The National Stock Exchange of India closed its $2.4 billion IPO with a 5.7x subscription rate, marking the country's second-largest public offering to date.
India’s National Stock Exchange has secured $703 million from anchor investors ahead of a $2.4 billion IPO that values the exchange at approximately $52 billion.
The National Stock Exchange of India is set for a $52 billion IPO, marking a shift for the country's unlisted market as shares prepare to trade on the rival Bombay Stock Exchange.
The National Stock Exchange of India has lowered its IPO valuation to $47 billion and reduced the share offering by 15% following investor concerns over regulatory risks in the derivatives market.
