India’s biggest IPO this year rakes in bids worth $31 billion, powered by institutional frenzy

Signage for SBI Funds Management Ltd. at a news conference in Mumbai, India, on Thursday, July 9, 2026. Bloomberg | Bloomberg | Getty Images India’s biggest public market offering this year, SBI Fund Management, has garnered bids worth 2.97 trillion rupees ($30.7 billion), underscoring the liquidity available in the market ahead of the much larger…

India’s biggest IPO this year rakes in bids worth  billion, powered by institutional frenzy

SK Hynix completes biggest US IPO by a foreign company

Good morning, happy Friday and welcome to FirstFT. In today’s newsletter: The largest-ever US listing by a foreign company OpenAI and Google sell AI models to blacklisted China groups Apollo buys European low-cost airline easyJet for nearly $8bn A profile of Trump’s ‘enforcer’ Todd Blanche You can listen to today’s top news stories in the…

SK Hynix completes biggest US IPO by a foreign company