October 17, 2024 2:41 PM

Hyundai Motor India’s record $3.3 billion IPO fully subscribed on final day of bidding

A $3.3-billion initial public offering by Hyundai Motor India was fully subscribed on the final day of bidding on Thursday, with domestic banks and mutual funds buying into the country's first automaker to go public in two decades. As companies rush to go public after a sharp run-up in the Indian equities market this year, Hyundai Motor's first listing outside South Korea ranks as India's biggest ever and the world's second-largest IPO in 2024. Subscription on the final day was driven by quali...