Indian market regulator tightens IPO disclosure norms

2017-08-24_00h03_35 IT総合
India’s market regulator has tightened disclosure norms for firms looking to file for an initial public offering after lackluster performance of more than half a dozen tech startups in the past year and a half.
Firms looking to raise funds from public offers will now be required by law to disclose their key performance indicators and issuing pricing based on past transactions and private funding rounds in their offer documents, the Securities and Exchange Board of India said in a statement.
The regulator said the new step is aimed at bringing parity between retail and private equity investors.