economy
India's largest stock exchange files for IPO as mega-listings gather pace
India's largest stock exchange sets the ball rolling for mega IPOs this year as it files papers to go public.
TL;DR
- National Stock Exchange (NSE) has filed for an IPO, expected to be among the largest this year in India.
- The IPO will be an offer for sale, with investors like State Bank of India, Canada Pension Plan Investment Board, and Singapore's Temasek selling stakes.
- NSE holds a dominant market share in India's cash, futures, and options trading.
- NSE has been attempting to list since 2016 and has over 129 million unique registered investors.
- IPO activity in India is resuming after a period of being on hold.
- Reliance Jio Infocomm is also expected to file for a $4 billion public issue soon.
- The combined fundraising from NSE and Reliance Jio IPOs could represent a significant portion of last year's total IPO funds raised.