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Article: India, China IPO activity loses steam in 2008.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- August 10, 2008
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India, China IPO activity loses steam in 2008
New Delhi, Aug 10 (PTI) The IPO activity in the Asia Pacific region has nearly halved in the first half of this year, with two of the fastest growing economies -- India and China -- reporting a drop of nearly 18 billion dollar in mobilisation of such deals.
The total capital gathered by India Inc through IPO in the first half of 2008 stood at 4.07 billion dollar as compared to 7.68 billion dollar in the same period in 2007, global accounting and consulting firm Grant Thornton said.
Meanwhile, data by another deal tracking firm Dealogic said IPOs by Chinese issuers have raised 15.5 billion dollar ...