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International Business Times
International Business Times
Business
AFP News

Hyundai Motor India Shares Dip On Debut After Record IPO

Hyundai chair Euisun Chung (3L) and other executives celebrate the stock market listing of the company's India unit on Tuesday (Credit: AFP)

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 down nearly five percent from their issue price in early trade.

A booming stock market in the world's fifth-largest economy has stoked an IPO frenzy over the last two years, with start-ups and established companies alike scooping up billions of dollars from investors.

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