GC
IBS heralds comeback of Indian names to US IPOs
IBS Software Services is considering a US IPO when it looks to go public early next year. If that happens, it will become the first Indian company to list in the US since 2010. Investors are clamouring for any piece of the India story they can get their hands on, and that could even provide opportunities for non-tech names, writes Rashmi Kumar.
US listings by Indian companies have been rare in recent years. Online travel company MakeMyTrip was the last to do so, in August 2010, when it priced an $80.5m IPO on the Nasdaq, according to Dealogic.
Since then, the only other meaningful activity came from motion picture producer ...Already a subscriber? Login
