Hyundai’s record IPO is struggling to attract investors. Here's why
Bloomberg
Oct 17, 2024 10:50 AM IST
Hyundai Motor's $3.3 billion IPO in India has only attracted 42% subscriptions amid weak market sentiment.
Hyundai Motor India's $3.3 billion IPO is struggling with only 42% of shares subscribed so far. Investor demand is low due to high valuations and market uncertainties, though there is hope for improved subscriptions by the closing date.
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