Hyundai Motor India's $3B IPO Set to Break Records

• Hyundai Motor India is launching a $3 billion IPO next week, the largest in the country's history.
• The IPO comes amid a booming stock market, with 260 companies raising over $9 billion in 2024.
• Previous record IPOs include LIC's $2.50 billion in 2022, Paytm's 183 billion rupee IPO in 2021, and Coal India's 154.75 billion rupee IPO in 2010.
• Reliance Power and General Insurance Corporation of India also had significant IPOs, raising 115.18 billion rupees and 113.73 billion rupees respectively.
• The success of these IPOs varied, with some facing delays, oversubscription, and stock tumbles.

Source: Reuters