Coal India IPO to be world's 2nd largest in 2010 on PPP basis...

Coal India s IPO, which is slated for this October, is the second- largest IPO in the world for 2010. Adjusted for Purchasing Power Parity (PPP), the actual $3.8-billion Initial Public Offering (IPO), would be next only to the $19.2-billion IPO of Agricultural Bank of China. The latter had successfully raised money through a dual-listing in Hong Kong and Shanghai this year. It remains to be seen if Coal India scripts a similar success story. As per an FE study, on a PPP basis, Coal India IPO would pip Japan s Dai-ichi Life Insurance and that of Samsung Life Insurance (South Korea) ...

More...