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ICICI Prudential AMC Hits Strong IPO Debut
ICICI Prudential AMC shares surged 19-20% post-IPO, reflecting strong retail AUM growth and shifting investor trends.
ICICI Prudential AMC’s IPO, which was oversubscribed 106 times, saw its shares jump 19-20% on debut. The company raised funds to support its retail AUM growth, aiming for $3.3T by 2035. Bain’s report notes a millennial shift from equities to mutual funds.