Hyundai Motor to Sell 142.2 Million Shares in Indian Unit IPO [BNN Bloomberg (Canada)]
Citigroup, Inc. (C)
Last citigroup, inc. earnings: 4/15 08:00 am
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Source: BNN Bloomberg
Hyundai's advisers for the share sale include Citigroup Inc., Kotak Mahindra Bank, JP Morgan Chase & Co, HSBC Holdings Plc and Morgan Stanley, according to the draft prospectus. The automaker is seeking to raise about $2.5 billion in the IPO, with a potential listing planned by the end of the year, Bloomberg News reported previously, citing people familiar with the matter. That would make it one of the biggest on record in India, following Life Insurance Corp. of India's 206 billion rupee ($2.5 billion) offering in 2022. Hyundai is potentially seeking a valuation of as much as $25 billion, the people said, asking not to be identified discussing private information. Hyundai Motor India Ltd. is the country's second-biggest carmaker by sales. ©2024 Bloomberg L.P. Top Picks Top Stories Home affordability to improve in Canada as rates fall and incomes rise, BMO says '50-50 chance' that AI outsmarts humanity, Geoffrey Hinton says Coastal GasLink completes $7.15B bond offeri
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C
Earnings
- 4/12/24 - Beat
C
Sec Filings
- 6/26/24 - Form 424B2
- 6/25/24 - Form 424B2
- 6/25/24 - Form 424B2
- C's page on the SEC website