India’s IPO market is booming, with LG Electronics India’s $1.3 billion issue selling out in just 6.5 hours — the fastest in 17 years. Driven by strong domestic participation from mutual funds, insurers, and retail investors, India is nearing last year’s $21 billion record. However, sky-high valuations and massive oversubscriptions raise concerns of a market correction.
Alkyl Amines shares plunge 4% as ammonia shortage from Iran war forces production halt at 3 sites
Alkyl Amines Chemicals’ shares dropped 4% after the company announced a temporary halt in production of certain products due to a shortage of ammonia, a