Hyundai ropes in JPMorgan, Citi to accelerate $3b India IPO

Hyundai ropes in JPMorgan, Citi to accelerate $3b India IPO

FILE PHOTO: The logo of Hyundai Motor Company is pictured at the New York International Auto Show, in Manhattan, New York City, U.S., April 13, 2022. REUTERS/Andrew Kelly/File Photo

Hyundai Motor has appointed investment bankers JPMorgan and Citi to advise on its at least $3 billion India IPO, accelerating listing plans in the world’s third-largest auto market, sources with direct knowledge said.

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