The IPO pipeline is expected to stay strong in the near term with $20 billion worth of IPOs in the next 12 months, according to Citigroup’s Head of Equity Capital Markets (ECM) Execution and Solutions for Asia Pacific Harish Raman. Fund raising from IPOs has already hit $14 billion this year and is estimated to cross $20 billion.

India ranks fourth in IPO volumes in 2025. US leads IPOs globally with about $53 billion raisings, Hong Kong is second with $23.4 billion and China third with $16.2 billion. The recent success success of three large issues including WeWork, Tata Capital and LG Electronics India augurs well for the primary market.

While WeWork shares listed flat on debut day, both Tata Capital and LG are awaiting listings next week. LG IPO received bids worth record Rs 4.4

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