At least 10 multinational companies may list their Indian units in Mumbai over the next year as they seek higher valuations amid the country’s rapid growth, according to
Lofty valuations are drawing companies to initial public offerings as equities in the country trade at a premium to most markets, said
Claire Suddens-Spiers
Source: Rothschild & Co.
“Listing locally signals long-term commitment, enhances partnerships, and boosts visibility, apart from delivering superior valuations,” Suddens-Spiers said in an interview in Mumbai while on a visit.
IPOs have already fetched roughly $16 billion in India ...