Mumbai stock market leads world in number of IPOs as new China listings fall

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"Mumbai is set to become the global leader in new stock market listings this year, with more initial public offerings on its two exchanges than in any financial center in China.

The number of IPOs at the National Stock Exchange and the Bombay Stock Exchange -- both in Mumbai -- is expected to rise 45% year on year to 209 ..."

"... Indian exchanges still lag the mainland Chinese bourses in IPO proceeds, but their new listings are on course to raise more money this year than those of Hong Kong. ..."

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