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India IPO market in 2016 seen hitting 6-year high, with over US$5b raised

Thursday, December 31, 2015 - 05:50
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Vodafone is expected to float its India unit to raise more than US$2 billion. Besides the Vodafone IPO, there will be several financial and technology sector companies going public next year.

Mumbai

INITIAL public offerings (IPOs) in India are set to raise more than US$5 billion in 2016, a six-year high, as corporate profit growth and a pick-up in the economy drive investor demand for equities and lure firms such as Vodafone's local unit to list.

India has been a bright