Investors rush into India’s National Stock Exchange IPO at valuation multiple above Nasdaq
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Source: CNBC
Published: 2026-09-22 14:00 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Economy & Finance, Financial Markets, India, Business & Economy, Asia Pacific
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Snippet:
The $2.3 billion initial public offer of shares in India's National Stock Exchange has received a frenzied response from investors, drawing bids worth more than $10 billion despite its hefty price-to-earnings multiple, which values it above several U.S. stock exchange businesses such as Nasdaq.
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