India surpasses China in terms of IPO volumes

14:53 - 26.12.2024


December 26, Fineko/abc.az. In 2024, for the first time, India will take the second place in the world in terms of the volume of IPOs conducted in the country, overtaking China and lagging only behind the United States.

ABC.AZ reports that the Financial Times writes about this with reference to analytical company Dealogic.

According to Dealogic estimates, $42.4 billion was raised in the U.S. during the year in the course of the IPO, and $18 billion in India.

The volume of IPOs in China fell by about six times over the year, amounting to $7.5 billion, in 2023 the country ranked first in terms of the amount of finances raised during the IPO ($48.9 billion).

By the end of 2024, India will take the first place in terms of the number of initial public offerings, with 310 IPOs. It is followed by the U.S. (226), South Korea (117) and China (84). Also in 2024, the National Stock Exchange of India became the world leader in terms of placements ($17.3 billion), overtaking NASDAQ ($16.5 billion) and the New York Stock Exchange ($15.9 billion). Among the largest placements in India in 2024 are the IPO of Hyundai Motor India ($3.3 billion) and online food delivery service Swiggy ($1.4 billion).