Nomura Holdings Ltd. expects initial public offerings in India will regain momentum in the second half of this year as indicated by increasing activity in secondary share sales.
“We expect a constructive environment especially in the second half of the year for IPOs.” “The capital markets on the secondary side which is on the block and QIPs have started to pick up,” Amit Thawani, head of India coverage investment banking at Nomura, said in an interview with Bloomberg Television on Tuesday.
Global IPO activity has slowed down recently as the Russian invasion of Ukraine and rising interest rates spurred market volatility. Companies have raised around $1.1 billion through first-time share sales in India so far this year, down from $2.6 billion from the same period in 2021, according to data compiled by Bloomberg.
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Source: Economic Times
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