NSE’s muted 0.8% listing premium despite stronger grey-market expectations highlights why GMP cannot predict IPO performance. Subsequent gains showed broader market conditions, valuations, fundamentals and post-listing price discovery can matter more than pre-listing sentiment for investors.
NSE’s muted 0.8% listing premium despite stronger grey-market expectations highlights why GMP cannot predict IPO performance. Subsequent gains showed broader market conditions, valuations, fundamentals and post-listing price discovery can matter more than pre-listing sentiment for investors.
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