Indian stock exchange BSE’s initial public offering (IPO) of shares next week may raise as much as Rs 1,243 crore ($182 million) for its investors, based on the indicative price range for the sale announced on Monday.
Investors, led by Singapore Exchange, Atticus Mauritius and billionaire George Soros’ Quantum, will be selling up to 15.4 million shares in Asia’s oldest stock exchange in a price range Rs 805-806 a share, according to a public announcement.
The IPO, which will be open for sale from January 23 to January 25, will value the stock exchange at about Rs 4,400 crore ($645 million) at the top end of the price range.
By comparison, Hong Kong Exchanges and Clearing has a market capitalisation of nearly $30 billion, while the Singapore Exchange is valued at…