India dominates IPO market with 200 issues in Asia Pacific in 2024, China falters [Video]

India dominated the initial public offering (IPO) market in the Asia-Pacific region with over 200 companies going for public issues in 2024, according to a report on Friday.

However, China saw a sharp drop in the number of IPOs by 51.3 per cent, impacted by tightened regulations. The country saw the launch of 64 IPOs raising just over $5.2 billion.

India’s IPO market hit a bull run this year, with proceeds skyrocketing to $11.2 billion — more than doubling the $5.5 billion raised in 2023, said GlobalData, a leading data and analytics company.

“The pipeline for 2025 promises even bigger fireworks, fuelled by skyrocketing retail participation, hefty domestic inflows, and foreign portfolio investors (FPIs) flexing their muscles despite being net sellers in the secondary market,” said Murthy Grandhi, company profiles analyst at GlobalData.

Hyundai Motor led the charge in India with a colossal $3.3 billion issue, followed by Swiggy’s $1.3 billion IPO. …