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Niyantha Shekar
According to experts cited in the Nikkei Asia edition, the number of companies that went public rose to 57 from 40 the previous year.
Simultaneously, the proportion of Indian first public offers (IPOs) in the worldwide initial public offering volume hit a record 5.98%, nearly tripling in the last two years.
In contrast, Hong Kong saw the lowest number of initial public offerings (IPOs) in 20 years this year, with a 36% decrease in volume, or roughly $5 billion.
As of the end of November, the National Stock Exchange (NSE) of India had a combined capitalization of $3.989 trillion, which ranked eighth internationally and ahead of the Hong Kong Stock Exchange ($3.984 trillion), where firms transacted, reports CNBC.
Analysts expect that there will be an increase in the number of initial public offerings in India in 2024 as a result of hopes for political stability following the ruling party's victories in three of the nation's four largest states.
source: cnbc.com
Simultaneously, the proportion of Indian first public offers (IPOs) in the worldwide initial public offering volume hit a record 5.98%, nearly tripling in the last two years.
In contrast, Hong Kong saw the lowest number of initial public offerings (IPOs) in 20 years this year, with a 36% decrease in volume, or roughly $5 billion.
As of the end of November, the National Stock Exchange (NSE) of India had a combined capitalization of $3.989 trillion, which ranked eighth internationally and ahead of the Hong Kong Stock Exchange ($3.984 trillion), where firms transacted, reports CNBC.
Analysts expect that there will be an increase in the number of initial public offerings in India in 2024 as a result of hopes for political stability following the ruling party's victories in three of the nation's four largest states.
source: cnbc.com
