Hyundai Motor India Shares Slump As Trading Begins In Asia’s Biggest IPO Of The Year
The stock fell 34% when trading commenced but recovered to close at 1,819.6 rupees, down 7.16% from its IPO price, on the first day of trading in Mumbai. The company’s IPO was priced at 1,960 rupees a share, at the top end of its marketed range. Shares of parent company Hyundai Motor edged down about 1% in South Korea.
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The second largest passenger carmaker listed at Rs 1,931 apiece, at a discount of 1.47% from its IPO issue price of Rs 1,960 ...
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Hyundai's IPO saw a revival in its grey market premium to 5%, indicating positive investor sentiment. Trading at Rs 2,067 in ...
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