Deals
India IPO Returns Beat U.S. as Funds Chase High-Growth Companies
- Forty-seven IPOs raise $1.5b this year, twice the sum in 2015
- Companies tapping growing assets with funds amid market rally
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Amid India’s bull market celebration, it’s the newcomers that are having the biggest parties.
The 47 IPOs priced this year have returned an average 41 percent, more than four times the climb in the benchmark S&P BSE Sensex, data compiled by Bloomberg show. The gain is double the 19 percent mean for U.S. deals, and ahead of the 9 percent offered by first-time sales in Europe, the figures show.