Indian IPOs expected to raise $20 billion next year: Citigroup
IPOs in India could raise $20 billion over the next year, said Citigroup. Indian IPOs have raised $12 billion so far this year, with another $5 billion expected this month, driven by listings from Tata Capital and LG Electronics. "India will likely be...world's most active ECM market, along with Hong Kong, over the next year," Citigroup executive Harish Raman said.