NSE's valuation climbs 60% to hit $58 bn with its IPO looming

Growing hopes for a listing of the world's biggest equity-derivatives bourse have pushed the valuation of the National Stock Exchange of India Ltd. to $58 billion in private markets, according to people involved in recent transactions.

- Bloomberg

Wealthy investors and institutions anticipating an initial public offering as early this year have been buying the unlisted shares aggressively, two of the people said, asking not to be identified as the deals are private. With demand far outstripping supply, the stock has changed hands for as much as ₹2,000 ($23) recently. Its valuation had already doubled in just four months to as much as $36 billion in Sep