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Hyundai to launch $3 bn India IPO next week, targets $19 bn valuation
VCCircle
·
9m ago
Medial
- Hyundai's India IPO is set to open for subscriptions next week, aiming for a valuation of up to $19 billion. - The IPO will be Hyundai's first stock market listing outside South Korea and the first carmaker IPO in India in two decades. - The $3 billion IPO will be available for institutional investors from Oct. 14, with bids from retail and other categories accepted from Oct. 15-17. - At the upper end of the price range, Hyundai will be valued at approximately $19 billion, with trading scheduled to start on Oct. 22. - Hyundai plans to regain market share in India through the expansion of its SUV lineup and the introduction of electric and gasoline-powered models tailored to the Indian market. - The IPO will not involve the issuance of new shares, with Hyundai's South Korean parent company selling up to 17.5% of its stake in the wholly owned Indian unit.
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Go Digit’s IPO: Valuation cut by 25% to $3 bn
The Arc Web
·
1y ago
Medial
Go Digit will launch its Rs 2,615 crore ($313 million) IPO next week, valued at Rs 25,000 crore ($3 billion). The price range is Rs 258-272, a 25% discount from its previous Rs 33,800 crore valuation. This makes Go Digit the first Indian unicorn to IPO below private valuation. The offering includes Rs 1,125 crore in primary capital, reduced from Rs 1,250 crore, and 54.8 million shares in the offer for sale.
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Hyundai, Swiggy, NTPC Green-India's biggest IPOs of 2024
Money Control
·
9m ago
Medial
1. Hyundai Motor India's $3 billion IPO opens for subscription next week with the aim of achieving a valuation of around $19 billion. 2. Swiggy, backed by SoftBank, is planning an IPO worth $1.25 billion. 3. NTPC's green energy arm has filed for a $1.2 billion IPO. 4. Bajaj Housing Finance's shares have more than doubled after a successful $782 million IPO. 5. Ola Electric's $734 million IPO in August garnered interest from investors like Fidelity and Nomura. 6. Schloss Bangalore, backed by Brookfield, has filed for a $599 million IPO. 7. Bharti Hexacom's $511 million IPO in April received bids exceeding $8 billion. 8. Aadhar Housing Finance raised $358 million through its IPO in May.
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Hyundai seeks expansion, higher valuation with India IPO
Livemint
·
1y ago
Medial
Hyundai Motor is planning a $3 billion IPO in India to expand in one of the fastest-growing markets globally and address the "Korea discount" affecting its valuation at home. The IPO will help Hyundai accelerate its growth in India, reduce reliance on its parent company for funds, and fund the launch of electric vehicles and infrastructure in the country. Hyundai's valuation for the India unit IPO is estimated to be around $30 billion, potentially boosting valuations back in South Korea. The IPO plans come amid India's surging stock markets and aim to address the lower valuations typically associated with South Korean companies.
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Hyundai seeks expansion, higher valuation with $3 bn India IPO
VCCircle
·
1y ago
Medial
Hyundai Motor is planning a $3 billion initial public offering (IPO) in India, aiming to expand in one of the world's fastest-growing markets and address the "Korea discount" that lowers its value at home. The IPO, which would be the country's largest ever, would help Hyundai tap into the Indian market where it enjoys a 15% market share. The funds raised would be used to launch electric vehicles (EVs) in India, establish a charging network and battery facility, and expand manufacturing capacity. The move would also reduce the company's reliance on its parent for funding.
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Hyundai India IPO bankers set for big payday with $40-mn fee
VCCircle
·
1y ago
Medial
Banks advising Hyundai on its India IPO are expected to earn up to $40 million in fees. This would be the second-highest fee ever for investment banks working on an IPO in India, reflecting the surge in equity deals in the country. Hyundai India is looking to raise up to $3 billion at a valuation of $30 billion through the IPO. The lead banks on the deal include JPMorgan, Citigroup, and HSBC. The expected fee payout from this IPO alone would represent a significant portion of India's total IPO fee income in 2023.
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Hyundai starts setting the stage for India’s biggest IPO
Livemint
·
1y ago
Medial
Hyundai Motor Co. is planning to invite analysts to its manufacturing facility in Chennai as it prepares for India's largest initial public offering (IPO). Hyundai Motor India aims to file a draft red herring prospectus for its $3-3.5 billion IPO in June, with the goal of completing its share market listing ahead of Diwali. The IPO will enable Hyundai to enhance its market value and boost its valuation, in line with the South Korean government’s 'corporate value-up' programme. The move is seen as a sign of the potential for value-realization in India's passenger vehicle market.
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Which investors are underwater as MobiKwik floats IPO with deep valuation cut?
VCCircle
·
7m ago
Medial
MobiKwik, a digital payments company, is set to launch its initial public offering (IPO) next week at a significantly lower valuation than its previous worth. This has resulted in losses for several top private market investors. Founded in 2006, MobiKwik is a fintech company based in Gurugram, India.
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Hyundai hoping to regain market share in India as auto major’s $3 billion IPO looms, lines up SUV launches & more | Mint
Livemint
·
10m ago
Medial
Hyundai Motor plans to launch a series of new SUVs in India as part of its strategy to regain market share from domestic rivals. The automaker, which is gearing up for a $3 billion public listing in the country, will begin with the launch of its first India-made electric vehicle early next year, followed by two gasoline-powered models. Hyundai's market share in India has declined to 14.6% from 17.5% four years ago, as competition from domestic manufacturers such as Tata Motors and Mahindra & Mahindra has increased. Hyundai aims to boost global sales by 30% by 2030.
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Hyundai Motor India expected to file draft IPO papers with Sebi today
Livemint
·
1y ago
Medial
Hyundai Motor India Ltd. is expected to file draft papers for its initial public offering (IPO) by Friday, which could potentially be the biggest share sale in the country. The IPO, initially estimated at $3-3.5 billion, is now expected to be closer to $2.5-3 billion. Hyundai aims to provide potential investors with its growth strategy and plans for product development and market expansion. This IPO is crucial for Hyundai as it aims to compete against established automotive giants and enhance its market value. Additionally, the IPO will generate capital for shareholder returns and set a precedent for other Korean companies seeking international listings.
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InMobi Targets $10 Bn Valuation In India IPO Next Year
Inc42
·
12m ago
Medial
Mobile advertising firm InMobi is set to go public next year with a targeted valuation of around $10 billion. The initial public offering (IPO) will take place in India and would make it one of the largest listings by an Indian software startup. InMobi had initially planned for an IPO in 2021 but postponed it due to market conditions.
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