Ather’s muted debut bodes ill for Indian e-scooter and IPO markets

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Financial Times 15h ago

Ather’s muted debut bodes ill for Indian e-scooter and IPO markets - Financial Times

Quick Summary:

Earlier, investment bankers had expected that 2025 would follow the previous year’s Indian IPO bonanza.

But a spate of awaited $1bn-plus listings, including the flotation of the Indian arm of South Korea’s LG, have been put on hold, as US President Donald Trump’s trade war further clouds an already patchy picture in India.

There have been 41 IPOs in the first four months of 2025, half the amount of a year ago.“There’s uncertainty because of the tariffs and geopolitical tensions,” said Bathini.“Which is why investors are staying away.