» Rakesh Jhunjhunwala on IPO market News

Rakesh Jhunjhunwala on IPO market

Top investor Rakesh Jhunjhunwala says steering away from Indian IPOs

Top investor Rakesh Jhunjhunwala says steering away from Indian IPOs

Wed, Nov 15, 2017

India has had a boom in IPOs, with a record $11 billion raised this year. However, high valuations - especially for some recent insurance IPOs - have produced some weak secondary market debuts and weighed on investor sentiment in recent weeks.

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