The $3.3-billion IPO of Hyundai Motor India, India’s largest yet, was fully subscribed on its final day, with big institutional investors bidding aggressively while retail investors had pricing concerns. The IPO marks India’s biggest ever and the world’s second-largest IPO in 2024, with investors bidding for more than twice the shares on offer, despite concerns about valuations and industry slowdowns. Hyundai India is set to price its shares at 1,960 rupees to secure a market valuation of $19 billion, with retail investors bidding for about 46% of the shares.
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Citizen who was ordered to leave the U.S. in 7 days says she’s heard nothing from federal officials
Federal authorities ordered Nicole Micheroni, a 40-year-old U.S. citizen and immigration attorney, to leave the country within seven days due to an erroneous parole termination notice from the Department of Homeland Security (DHS). Micheroni, who received the notice via a no-reply email, expressed concerns about the lack of careful processing by DHS, while another immigration attorney, Carmen Bello, reported a similar experience. A DHS official stated that Customs and Border Protection is issuing these notices...
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