Indian insurers launch $6 billion IPO wave

A sextet of large insurance IPOs kick off with the launch of an $890 million deal for ICICI Lombard. Are investors happy to be showered with up to $6 billion of highly valued paper?

Indian insurers launch $6 billion IPO wave

India’s stock markets have been one of the world’s best performers in 2017 and their continuing strength could prove to be the swing factor, which helps clear a $6 billion wave of sizeable and richly valued initial public offerings from the country’s insurance sector by year-end.

The group of six companies are led by ICICI Lombard, which launches its IPO today Friday.

Its $890 million deal is one of the smallest...

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