Hyundai Motor’s trailblazing India IPO set to be a blockbuster

The South Korean automaker is on track to raise upward of $3 billion via the listing of its India unit in Mumbai. If successful, it will surely compel more global firms to raise capital in south Asia’s largest market.

If successful, Hyundai Motor Company’s forthcoming IPO will be a history-making event in many ways.

For one thing, it is taking place not in Seoul – where the South Korean automaker already has a primary listing – but in the Indian financial capital of Mumbai.

For another, if all goes well it is set to be a huge listing, at least when set against the backdrop of an enduringly soggy global equity capital market that has only just begun to show signs of revival.

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