India's Carlyle-backed Hexaware valued at $5b in solid debut

India's Carlyle-backed Hexaware valued at $5b in solid debut

FILE PHOTO: A woman walks next to the logo for Carlyle at the company’s offices in New York City, U.S., June 28, 2022. Picture taken June 28, 2022. REUTERS/Brendan McDermid/File Photo

Shares of Carlyle-backed Hexaware Technologies rose as much as 10% in their debut on Wednesday, indicating rising retail interest in India’s first billion-dollar IPO that struggled to achieve full subscription without outsized help from large institutions.

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