Indian e-scooter maker Ola Electric's $734m IPO fully subscribed on Day 2

Indian e-scooter maker Ola Electric's $734m IPO fully subscribed on Day 2

Ola Electric's new 4680 lithium-ion battery cells are displayed in a showcase ahead of the company's IPO launch in Mumbai, India, July 29, 2024. REUTERS/Francis Mascarenhas/ File Photo

Ola Electric‘s $734 million initial public offering (IPO) was fully subscribed on the second day of bidding, reaching the target amid a sharp sell-off in global equity markets.