Hyundai India Launches $3.3 Billion IPO, Set To Be Largest In Country’s History

Hyundai India will begin taking orders for its $3.3 billion initial public offering in Mumbai on Monday, marking the country’s largest share offering and the world’s second biggest IPO of 2024. This move highlights India’s robust capital markets, with 260 companies raising over $9 billion this year. Hyundai’s IPO involves selling up to 17.5% of its South Korean parent’s stake.