India's Bharti Hexacom surges 54% in stock market debut at over $5b valuation

India's Bharti Hexacom surges 54% in stock market debut at over $5b valuation

Sunil Bharti Mittal, billionaire, chairman and chief executive officer of Bharti Enterprises Ltd., gestures as he speaks during a panel session at the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, Jan. 20, 2016. Photographer: Jason Alden/Bloomberg via Getty Images

Bharti Hexacom‘s shares surged 54.4% in their trading debut on Friday, beating analysts’ expectations and valuing the Indian telecom operator at 440 billion rupees ($5.28 billion).