ICICI Prudential Asset Management targets $11.9 billion IPO valuation
after close1 source ↓written by the desknot a recommendation
- $11.90 billion
- ₹1.07 trillion
- band set between
- ₹2,061
- per share
- ₹2,165
- valued
- ₹10,603 cr
- and is expected
- 15 Dec 2023
ICICI Prudential Asset Management aims for a valuation of ₹1.07 trillion ($11.90 billion) in its upcoming IPO, with a price band set between ₹2,061 and ₹2,165 per share. The offer, valued at ₹10,603 cr, opens on 15 Dec 2023 and is expected to boost India's IPO fundraising significantly. 📈
The IPO will see Prudential sell about 10% of its stake, following earlier bonus shares issuance. This move reflects strong market sentiment and could attract substantial investor interest.
Not investment advice. For informational purposes only.