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NSE Said to Seek Up to $55 Billion Valuation in Record India IPO

National Stock Exchange of India Ltd., the operator of the world’s largest derivatives exchange by trading volume, is seeking a valuation of as much as 5.26 trillion rupees ($55 billion) in its planned initial public offering, according to people familiar with the matter.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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