ICICI Prudential Asset Management nears $1.1 billion IPO approval
pre-market1 source ↓written by the desknot a recommendation
- India
- ₹100 billion
- IPO
- $1.1 billion
- firm at approximately
- $11 billion
- year's record
- $21 billion
ICICI Prudential Asset Management Co. is reportedly close to receiving approval from the Securities and Exchange Board of India for a ₹100 billion ($1.1 billion) IPO, potentially one of the largest in India this year. The offering could value the firm at approximately $11 billion. This move may significantly boost India's IPO market, which is aiming to surpass last year's record of $21 billion. 📈
Not investment advice. For informational purposes only.