Insurer LIC slumps in market debut after record $3.8 billion India IPO

May 17, 2022 1:24 PM

MUMBAI (BLOOMBERG) – State-run insurer Life Insurance Corporation (LIC) of India plunged early in its Mumbai trading debut on Tuesday (May 17) after a record initial public offering (IPO) that priced at the top of the range and was oversubscribed nearly three times.

Source : https://www.straitstimes.com/business/companies-markets/insurer-lic-slumps-in-market-debut-after-record-38-billion-india-ipo