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India accounts for nearly 3 percent of global IPO proceeds, valued at $ 330.6 billion, from January to September



India accounts for nearly 3 percent of global IPO proceeds, valued at $ 330.6 billion, from January to September



ausblickindia.com

1970-01-01T05: 30: 00 + 0530

New Delhi, October 10th (PTI) With over 70 companies making their first share sales, India could raise $ 9.7 billion in the first nine months of this year, only around 3 percent of total global IPO funds raised over the same period .

A staggering $ 330.66 billion was raised through IPOs around the world this year through September.

In terms of the number of initial public offerings (IPOs) in the period from January to September 2021, India stood at 72, according to a report from leading consultancy EY, which is 4.4 percent of the total number of IPOs in the same period.

In the period from January to September 2021, there were 1,635 IPOs worldwide.

The report showed the US tops the list of IPO proceeds on the NASDAQ and NYSE exchanges, followed by China’s Shanghai (SSE and STAR) and Hong Kong (HKEx and GEM).

Others on the list are Shenzhen (SZSE and Chinext), London (Main and AIM), Euronext and Alternext, Korea (KRX and KOSDAQ), Sao Paulo (BM&F BOVESPA), Deutsche Börse (Main and Scale), NSE and BSE, NASDAQ OMX and First North.

EY noted that “India ranked 11th in the world by revenue in 2021.

Overall, there is a healthy spread of IPO activity across many markets where a mega IPO pipeline continues to be built in India, she added.

According to the report, the Asia-Pacific region is holding steady despite the volatility, and YTD has “the region recorded 750 initial public offerings, a 35 percent year-over-year increase.”

Technology is the most active sector in the region in terms of both transaction numbers (154 IPOs) and revenue ($ 34.3 billion), she added. PTI RAM ANS

YEARS

Disclaimer: – This story was not edited by Outlook staff and is automatically generated from news agency feeds. Source: PTI

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