IPO fundraising hits six-year high

Mumbai: With the success of ICICI Prudential Life Insurance’s Rs 6,000-crore initial public offering (IPO), fundraising through initial share sales in 2016 has crossed the Rs 20,000-crore mark – the highest since 2010. So far this year, 20 companies have tapped primary markets to raise Rs 20,217 crore, data compiled by the National Stock Exchange (NSE) showed. This is the third time – 2007 and 2010 being the other two — that IPO fundraising has crossed the Rs 20,000-crore mark. “It has been a great year for primary markets, not just in terms of the number of ...

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