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India IPO market likely subdued in 2019 as Modi faces resurgent opposition in election

Slowing global economic growth another worry for investors

The IPO market in India has been buoyant in the past few years, with fundraising reaching a record high $11 billion in 2017.But it is likely to remain subdued in 2019 as upcoming federal elections and a slowdown in global economic growth damp investor sentiment.   © Reuters

MUMBAI (NewsRise) -- India's initial public offering market is likely to remain subdued in 2019 as upcoming federal elections and a slowdown in global economic growth damp investor sentiment.

The IPO market in Asia's third-largest economy has been buoyant in the past few years, with fundraising reaching a record high $11 billion in 2017. Indian companies raised half that amount from 161 IPOs last year, according to data from E&Y.

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