Hyundai Aims to Raise Up to $3.3 Billion in Record India IPO

Hyundai Motor India’s shares expected to start trading Oct. 22
The sale overtakes LIC’s IPO which raised $2.7 billion in 2022

WATCH: Hyundai is seeking to raise as much as $3.3 billion in what would be India’s largest-ever IPO by selling shares of its local unit. Manuel Baigorri reports.Source: Bloomberg

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By Julia Fioretti, Manuel Baigorri, and Satviki Sanjay

October 8, 2024 at 11:21 AM UTC

Updated on

October 9, 2024 at 10:59 AM UTC

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Hyundai Motor Co. is seeking to raise as much as $3.3 billion through an initial public offering of its Indian unit, kicking off the country’s biggest-ever listing.