NSE IPO Priced at Rs 1,785 Top Values Exchange at $46.6B
India's largest exchange is likely to price its IPO at Rs 1,700 to Rs 1,785 per share, a meaningful cut from the Rs 2,000 to Rs 2,100 range initially marketed. The lowered range implies a top valuation of Rs 4.42 trillion, or $46.6 billion, and a reduced 5.5% secondary stake sale. For market participants, the reset tests demand for exchange assets and India's IPO momentum.
Source: economictimes.indiatimes.com · Bloomberg