Adlabs rides out to market $75m Indian IPO
India’s Adlabs Entertainment has opened books for its Rp4.7bn ($75m) domestic IPO, with sentiment positive thanks to five anchor investors that have already signed up for a small portion of the shares on sale. But although investors like the consumer story offered by the theme park operator, the small deal size and the low liquidity means it will not appeal to everyone, say bankers.
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