InvestorQ : Is it true that LIC will be one of the biggest IPOs of this year?
Riya Dwivedi made post

Is it true that LIC will be one of the biggest IPOs of this year?

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shrinidhi Rajan answered.
2 weeks ago
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That is absolutely true. In fact, when LIC IPO opens on 04th May, it is likely to set records domestically and also globally. While it will be the largest IPO in the Indian market history, it will also be the fifth largest in the world for the calendar year 2022 till date. The $2.7 billion IPO of Life Insurance Corporation of India will be a classic barometer of how even amidst tough market conditions, there could be appetite for quality paper in the stock markets.

LG Energy Solutions (part of the LG group) of South Korea had the biggest IPO this year of $10.8 billion followed by China Mobile at $8.6 billion. Dubai Electricity & Water Authority IPO worth $6.1-billion and the China National Offshore Oil Corporation’s (CNOOC) IPO at $5.1 billion were in third and fourth place. Of course, had the IPO been the original size of around $8 billion, then LIC should have been in the top-3 IPOs of the year.

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