Indian initial public offerings tumbled to a 4-year low by value in 2019 as the ...
- Indian initial public offerings tumbled to a 4-year low by value in 2019 as the economy slowed, but some analysts are hoping for better in 2020 on the back of potential government reforms likely to boost stock markets.
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, December 11, 2018. REUTERS/Francis Mascarenhas Funds raised by Indian IPOs fell to just $2.8 billion this year, the lowest in four years, according to data from Refinitiv. In 2017, the proceeds hit a record $11.7 billion before falling to $5.5 billion in 2018.“2019 has been the worst year from an IPO market perspective,” said Sandip Khetan, a partner at consultancy EY.
“Because of different types of disruptions, such as corporate failures and bankruptcies, things have slowed down considerably,” he said.Graphic: India IPO proceeds
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