Mumbai leads world in number of IPOs as new China listings fall

Mumbai leads world in number of IPOs as new China listings fall

A man looks up at an electronic ticker board that indicates stock figures at the Bombay Stock Exchange (BSE) in Mumbai, India, on Friday, Jan. 27, 2017. Photographer: Dhiraj Singh/Bloomberg

Mumbai is set to become the global leader in new stock market listings this year, with more initial public offerings on its two exchanges than in any financial center in China.