Hyundai Is Said to Seek $19 Billion Value in India's Biggest IPO.

Hyundai Motor Co. is planning to have an initial public offering (IPO) for its India unit, seeking a valuation of $19 billion. The carmaker intends to sell a 17.5% stake in the business, potentially raising about $3.3 billion. The IPO is expected to take place in Mumbai on October 22, and a mix of foreign and local institutional investors have expressed preliminary interest in buying shares. The size, value, and timing of the offering may still change. This IPO could potentially be the largest share sale in India's history and one of Asia's biggest IPOs in recent years. [Extracted from the article]