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Ascendas Firstspace Said to Consider $500 Million India IPO

Source: Bloomberg

IPOs & SPACsTransportation & LogisticsHousing & Real EstateEmerging Markets

Ascendas Firstspace Development Management is considering an IPO in India that could raise about $500 million, according to people familiar with the matter. The logistics and industrial parks developer is seeking to tap the country's buoyant equity markets; no offering timeline or final terms were reported.

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