According to data from the exchange, Nasdaq and NYSE raised US$ 16.5 billion and US$ 15.9 billion, respectively, while the Hong Kong Stock Exchange and Shanghai Stock Exchange raised $10.4 billion and $8.8 billion.
The National Stock Exchange (NSE) recorded the highest number of initial public offerings (IPOs) in Asia for the calendar year 2024 (CY24), with a total of 268 listings across its mainboard and SME platform. This includes 90 successful listings on the mainboard and 178 small and medium enterprises debuting on the NSE’s Emerge platform, collectively raising Rs. 1.67 trillion (US$ 19.53 billion) during this period.
The surge in primary market activity was partly driven by Hyundai Motor India’s IPO, which was the largest in India and the second largest globally, raising US$ 3.3 billion. Overall, there were 1,145 IPOs globally in CY24, down from 1,271 in the previous year. Sriram Krishnan, the chief business development officer at NSE, noted that the NSE alone conducted more IPOs than other leading exchanges in Asia, including Japan’s Japan Exchange Group, Hong Kong’s Hong Kong Stock Exchange, and China’s Shanghai Stock Exchange.
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