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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The numbers are big and impressive, but the fate of India’s biggest ever listing hinges on its owner pricing the issue just so.
On the very first trading day after the government filed the draft IPO prospectus for Life Insurance Corp. of India, the Sensex plunged 1,747 points, or 3%. It looked like an ominous start for what is slated to be the country’s biggest ever initial public offering.
Shares of One 97 Communications, which operates Paytm, fared worse. The digital payments company, whose record for India’s biggest public offer is set to be broken by LIC, saw its share price dip over 4% to Rs 863.50. It had listed at a price of Rs 2,150 a share in November 2021.
With the …
The kingdom is moving to tighten the rules around public listings, algorithmic trading, trading in foreign securities and company disclosures—all in an effort to chase transparency.
As the smart fan maker gears up for an IPO, prospective investors could do with some clarity on what the company’s next phase of growth will look like.
The stock market regulator is investigating a string of disappointing public listings. The idea is to send a message.
