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NSE's $2.3 billion IPO fully subscribed, spotlight shifts to Sept. 24 debut
The National Stock Exchange of India’s $2.3 billion IPO was fully subscribed on the second day of bidding, putting the spotlight on its September 24 debut as investors weigh the potential for quick listing gains amid limited share supply. The listing will mark the culmination of a decade-long effort by India’s biggest stock exchange operator to enter public markets, after regulatory scrutiny and legal disputes repeatedly delayed its debut. The offering also comes as India’s primary market draws a new wave of large issuers, including billionaire Mukesh Ambani-backed Jio Platforms, which is expe...
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