Summary:

The primary market is rebounding, attracting both domestic and foreign investors. According to GlobalData, 822 Initial Public Offerings (IPOs) are predicted to generate US$ 65 billion in the first eight months of 2024, representing a 17.4% rise from the previous year. Despite fewer listings, investors are focusing on larger, more valuable IPOs that prioritize financial sustainability and profitability. In the Asia-Pacific region, India dominated with 227 deals totaling US$ 12.2 billion.

According to Mr. Murthy Grandhi of GlobalData, IPO activity has increased in 2024 as macroeconomic conditions have stabilized and there is renewed interest in private equity and venture capital listings. The technology and communications sectors led with 135 deals totaling US$ 6.4 billion, followed by financial services (US$ 11.6 billion) and construction (US$ 3.9 billion). As the IPO market evolves, firms with strong fundamentals and sustainable plans, such as Hyundai Motor India and Swiggy, plan to raise US$ 7.17 billion in forthcoming IPOs.

Source: IBEF 

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