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

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.


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...