News From Press Top global funds give IPOs a miss

Top global funds give IPOs a miss

Source: Business Standard Nov 2, 2016

Despite being active in the secondary market, a number of top global funds such as Oppenheimer, Eton Park, William Blair, Wellington, Columbia Wanger, T Rowe Price, FMR, and JPMorgan are refraining from coming in as anchor investors of Indian initial public offerings (IPOs).

Low size of the offerings and greater say of domestic mutual funds in pricing of issues is deterring their participation, say experts.

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