Hyundai picks JPMorgan, Citi to accelerate USD 3 bn India IPO
Hyundai, the second-biggest automaker in India with a 15% market share, is in the initial stages of considering an IPO in India that would value its local operation at up to USD 30 billion, Reuters reported this week. The IPO could be India's largest. Such a fundraising by Hyundai would put the valuation of its Indian operation at more than half its market capitalisation of around USD 47 billion in Seoul.
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