The recent stock market rally that helped the Sensex cross the 30,000 mark has buoyed many private equity investors as a majority of PE-backed firms that entered the market in recent years are trading at up to 300% more than their listing price.
Of the 67 IPOs in past five years, 42 — that is, 63% — have shown positive returns of between 25% and 300%, an ET analysis shows.
“IPO has been one of the most sought-after exit routes for PEs and with the markets going up, if t .
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The Nasdaq ended up for a ninth straight day, however, and set its sixth straight record high close, its longest such streak since seven records in February.
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