Stay updated with breaking news from Ipo Listing. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The country's largest insurer, Life Insurance Corporation of India (LIC), on Tuesday listed its shares at a discount of 8.11 per cent. Twitter is replete with memes summing up the current mood of investors.
The IPO, if finalised, would be the first major equity deal by a Chinese company in US since regulators in the world's second-largest economy stepped in to tighten oversight of such listings in July.
Life Insurance Corporation's IPO is expected to be the biggest in India's stock market history.
FDI rules are changing to enable the Rs 90,000 crore ($12 billion) IPO of Life Insurance Corporation of India.
The company that markets footwear under brands like Crocs, Mochi, Walkway and Metro, wants to fund its retail expansion from the IPO proceeds.