BENGALURU/HONG KONG -- Mumbai is set to become the global leader in new stock market listings this year, with more initial public offerings on its two exchanges than in any financial center in China.
The number of IPOs at the National Stock Exchange and the Bombay Stock Exchange -- both in Mumbai -- is expected to rise 45% year on year to 209, according to global consultancy EY. IPOs are expected to fall 33% to 126 in Shenzhen, 36% to 99 in Shanghai and 19% to 61 Hong Kong.
