BENGALURU (BLOOMBERG) - The market for initial public offerings (IPOs) in India is turning into a feeding frenzy.
The amount of money raised in IPOs this year has reached US$8.8 billion (S$12 billion), already surpassing the totals of the past three years though it is only August. At the current pace, this year would exceed the all-time record of US$11.8 billion. Founders, bankers, lawyers and advisers are racing to cash in on fervent demand for fresh public offerings.
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