The Tortoise May Be Winning The IPO Race
Electronic ticker boards indicate the latest stock figures inside the atrium at the National Stock Exchange (NSE) in Mumbai, India (Photographer: Dhiraj Singh/Bloomberg)

The Tortoise May Be Winning The IPO Race

India’s record year of initial public offerings hasn’t enriched investors the way promoters and private equity firms gained.Shares of 23 of the 32 companies that have gone public this year either d...
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