Investors rush into India’s National Stock Exchange IPO at valuation multiple above Nasdaq

Investors rush into India’s National Stock Exchange IPO at valuation multiple above Nasdaq

The $2.3 billion initial public offer of shares in India’s National Stock Exchange has received a frenzied response from investors, drawing bids worth more than $10 billion despite its hefty price-to-earnings multiple, which values it above several U.S. stock exchange businesses such as Nasdaq. Driven by strong demand from institutional and high-net-worth buyers, the NSE…

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‘South Africa has to abolish exchange control’

‘South Africa has to abolish exchange control’

ZARP Stablecoin co-founder Simon Dingle South Africa should scrap exchange control altogether, according to Simon Dingle, co-founder of rand stablecoin ZARP, who said the country’s capital controls have achieved the opposite of what they were designed to do. “Ultimately, South Africa has to abolish foreign exchange control,” Dingle told TechCentral. “Unfortunately the damage has already…

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