Why ULIP mis-selling has become rampant ?
Why is there so much mis-selling of ULIP? How to avoid this mis-selling? Who should take ULIP?
With over 70 companies coming out with their initial public offering, India accounted for nearly 3% of the global IPO proceeds between January and September, says a report from leading consultancy EY.
Of the 330.66 billion that has been mopped up through IPOs globally, India accounted for $9.7 billion till September. As many as 72 Indian companies went public during the first nine months of the 2021, which is 4.4 % of the total IPOs during the same period, the report added. Globally, there were 1,635 IPOs during the January-September 2021 period.
“India ranks 11th by proceeds globally in YTD 2021. Nasdaq and NYSE continue to dominate global markets in terms of IPO proceeds and are an attractive listing destination for companies across geographies,” EY said.
According to the report, the US topped the list in terms of IPO proceeds at stock exchanges NASDAQ and NYSE, followed by China’s Shanghai (SSE and STAR), and Hong Kong (HKEx and GEM).
Others in the list are Shenzhen (SZSE and Chinext), London (Main and AIM), Euronext and Alternext, Korea (KRX and KOSDAQ), Sao Paulo (BM&F BOVESPA), Deutsche Borse (Main and Scale), NSE and BSE, NASDAQ OMX and First North.
There is a healthy spread of IPO activity across many markets which continue to experience mega IPO pipeline build up in India, the report said.
As per the report, Asia-Pacific holds steady despite volatility and that YTD, “the region has recorded 750 IPOs, an increase of 35% year-on-year, which raised $123.4 billion by proceeds – a 44% year-on-year bump”.