NSE to seek up to Rs 5.26 lakh crore valuation
The National Stock Exchange of India (NSE) is planning to seek a valuation of up to Rs 5.26 lakh crore ($55 billion) in its upcoming initial public offering (IPO), according to sources familiar with the matter. The exchange, which operates the world's largest derivatives market, has been marketing its shares at 2,000 rupees to 2,100 rupees per share during discussions with potential investors.
NSE has completed most of its global roadshow, with meetings in the Middle East still pending. The exchange has sought feedback on the IPO documents from approximately 120 large global investors, including BlackRock Inc., Capital Group, and GQG Partners, among others. The IPO, which will be structured as secondary share sales, is expected to launch in the second half of September.
Currently, NSE would be the sixth-largest exchange operator in terms of market value, just behind the London Stock Exchange and just ahead of Nasdaq. The final terms of the IPO, including its valuation and timeline, may still undergo changes.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
