India saw an IPO boom as its economy was entering a recession ...Middle East

Quartz - Economy

Despite a historic economic recession, a host of companies made dazzling debuts on the Indian stock exchanges this year.In 2020 so far, companies have raised $3.5 billion (Rs25,500 crore) from initial public offerings (IPOs) on Indian bourses, which is 40% higher than last year, according to financial market data provider Refinitiv. The strong performance of IPOs is in line with the overall trend in the stock market.After the worst selloff in a decade in March when the Covid-19 pandemic arrived at Indian shores, the country’s benchmark indices, BSE’s 30-share Sensex and NSE’s 50-share Nifty, have staged a remarkable recovery, scaling new heights.Read the rest of this story on qz.com. Become

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India saw an IPO boom as its economy was entering a recession ...Middle East

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