Hyundai Motor Company is planning to list its Indian subsidiary publicly, potentially making it India's largest ever IPO. This move comes 25 years after Hyundai's first unsuccessful attempt at an IPO in India. The IPO could significantly benefit the Korean parent company, although it may be seen as a missed opportunity for Hyundai Motor India. Investment banks advising Hyundai on the IPO are expected to earn up to $40 million in fees, which would be the second highest payout in the country. The fees represent 1.3% of the IPO proceeds. Additionally, the Hyundai IPO has influenced other multinational corporations, such as the Italian auto parts firm Carraro Group, to consider listing on Dalal Street.
🔵 EXCLUSIVE-HYUNDAI INDIA IPO BANKS SET FOR COUNTRY'S 2ND BIGGEST PAYDAY WITH $40 MILLION FEE, SOURCES SAY Banks advising South Korean automaker Hyundai on its India IPO are set to make as much as $40 million in fees, three sources said, a windfall in a market where banks… https://t.co/J0rmjuxTgn
⚠️ EXCLUSIVE- **HYUNDAI INDIA IPO BANKS TO MAKE UP TO $40 MLN IN FEES, SECOND HIGHEST SUCH PAYOUT IN THE COUNTRY, SOURCES SAY **HYUNDAI INDIA TO PAY 1.3% OF IPO PROCEEDS AS FEES TO INVESTMENT BANKS, SOURCES SAY
#Hyundai #IPO: A chaebol looks at #India to break out of a Korean trap https://t.co/MCzZyHltHA
#Take2WithBS | Gleam in the eye Why Hyundai is once again eyeing an IPO in India, 25 years after its failed first attempt @surajeetatbs finds out #Hyundai #IPO #India https://t.co/Hv7GGJhIFY https://t.co/tQ8i3SRWZI
#MCExclusive | Another MNC IPO brewing! Call it the Hyundai effect as top Italian auto parts firm Carraro Group hires 3 i-banks and starts prep to drive into Dalal Street reports @ashwinmohansays Read on 👇 https://t.co/tXLFpjHXJs #IPO #Hyundai #DalalStreet
#PublishedThisWeek Hyundai’s idea to list its Indian subsidiary publicly could see it become India’s largest ever IPO. The catch: This listing may only serve to enrich the Korean parent company. Is this a missed opportunity for Hyundai Motor India? https://t.co/PUQOAutbOx