India along with other emerging BRIC markets such as China and Brazil are expected to lead the recovery in Global IPO Markets by the end of this year. This has been stated by Global Consultancy firm Ernst & Young. According to the Ernst & Young Institutional Investor IPO Survey 2009 a handful of initial Public offering (IPO) markets worldwide would show recovery by the end of 2009.
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Of the over 300 institutional investors surveyed across the world as much as 57% believe India and Brazil are most likely to lead the recovery in terms of new firms entering the local capital market by the end of 2009.
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