A $17 billion loss puts LIC IPO among top Asia wealth losers - Economic Times

Having plunged 29% since its May 17 debut, Indias biggest ever IPO now ranks second in terms of market capitalization loss since listing, as per data compiled by Bloomberg.

An eye-popping $17 billion wipeout in market value has made Life Insurance Corp of India one of the biggest wealth destroyers among Asias initial public offerings this year. Having plunged 29% since… [+1804 chars]

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