Economic TimesLean R·
Valuation question! Why did NSE cut its IPO size and price below unlisted market levels?
National Stock Exchange's decision to trim its IPO size and price the issue below earlier market expectations has put the spotlight on whether India’s biggest exchange is choosing a safer listing over an aggressive valuation. The IPO valuation has been cut by about 15%, with the issue priced below the levels at which the stock traded in the unlisted market.The move comes even as the exchange remains one of India’s most profitable and dominant market infrastructure companies.NSE MD and CEO Ashis…
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