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Stock impact report

India's ICICI Prudential AMC sees shares jump 19% in market debut after stellar IPO [MSNBC.com]

ICICI Bank Limited (IBN) 
Company Research Source: MSNBC.com
Signage at an ICICI Prudential Asset Management Co. branch in Delhi, India, on Thursday, Dec. 18, 2025. ICICI Prudential AMC's initial public offering to raise as much as 106 billion rupees ($1.2 billion) received bids for more than 1.37 billion shares, compared with 35.02 million offered, at close on last day of the sale Tuesday, according to exchange data. Photographer: Anindito Mukherjee/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesShares of ICICI Prudential, one of India's largest asset management companies, rose 19% in their trading debut on Friday, following a 106 billion rupees ($1.17 billion) initial public offering.The IPO by the firm, jointly owned by India's ICICI Bank and UK's Prudential, was priced at 2,165 rupees per share at the upper end of the price band. Shares, which were listed on the National Stock Exchange as well as the BSE, closed at 2,576.20 rupees.The issue wassubscribedSingapore's GIC and Temasek and India's public sector insurance company Show less Read more
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