Hyundai Motor India Shares Fall On Debut

Hyundai Motor India's shares drop 7% on trading debut after record IPO
Hyundai Motor India shares fell 7% on their trading debut Tuesday after a record $3.3 billion initial public offering.
Hyundai Motor India Shares Slump As Trading Begins In Asia’s Biggest IPO Of The Year
The stock fell 34% when trading commenced but recovered to close at 1,819.6 rupees, down 7.16% from its IPO price, on the first day of trading in Mumbai. The company’s IPO was priced at 1,960 rupees a share, at the top end of its marketed range. Shares of parent company Hyundai Motor edged down about 1% in South Korea.
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Hyundai Motor’s initial public offering was a dud by India's red-hot standards. But the price it got could still attract companies such as Walmart and South Korea's LG Electronics to list their subsidiaries there.
Hyundai Motor India Shares Fall On Debut After Record IPO
Hyundai Motor had a lacklustre Indian market debut on Tuesday after raising $3.3 billion in the country's biggest-ever initial public offering, with shares closing 7.1 percent down from their issue price.
Large multinationals keen on IPOs in India despite Hyundai's weak debut: Citi
On Tuesday, Hyundai Motor India listed at ₹1,934 on the National Stock Exchange, a discount to its IPO price of ₹1,960, but Citi's Rahul Saraf said many clients are encouraged by the listing.
Hyundai Motor rakes in record US$3.3B on Indian IPO
This was the Hyundai Motor Group’s first overseas listing, with Executive Chairperson Chung Eui-sun meeting Indian Prime Minister Narendra Modi to pledge increased cooperation,

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