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Moneycontrol.com >> Messageboard >> Market View >> IPO, New Issues >> mark mobius
   You are here :     Moneycontrol     MMB    Market View      IPO, New Issues                         Most active discussions of 2006 , 2007 & 2008
mark mobius (21)   06-Nov-09 13:17Track this thread   Tracked by (0)  
Posted by:   stocktobuy on ( 06-Nov-09 13:17 )
Addressed to  chief_kamani,  hsnmf,  iguest,  mohankumar1000,  pss5588,  NAUGHTY007,  radhika_nandlal,  supreet34,  tara23
India IPOs over-priced

On the slew of initial public offers (IPOs) seen in India, Mobius said many of them were “much too aggressively priced”. “Many of these IPOs are going to have to be repriced as we go forward. That is already happening; we have seen a number of IPO prices come down even before they begin to think about going to the market,” he said.

The IPO party would, however, help in reining in the secondary stock market from going to bubble valuations because the excess supply of paper absorbs capital. “This IPO activity has a tempering effect on the markets which is very positive,” he said. “I am certainly not against IPOs. That doesn’t mean I am going to go after these IPOs that are expensively priced
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