Despite global economic headwinds, India emerged as the top IPO market in 2023 thanks to its booming technology and communication sectors.

According to a report by GlobalData, of the 750 IPOs worldwide raising US$147 billion in January-August 2023, India secured the top position in the number of IPOs with 152, totaling US$3.8 billion.

GobalData Company Profile Analyst Murthy Grandhi said India stood out in the first eight months of the year despite global economic uncertainties and geopolitical conflicts.

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