NSE's $2.3 billion IPO draws over $10 billion in bids at valuation above Nasdaq

Investors bid more than $10 billion for India's $2.3 billion National Stock Exchange IPO, the country's largest listing this year. Demand for 505.81 million shares was 5.7 times the 88.64 million offered, at a valuation above Nasdaq. Anchors including Singapore's MAS, ADIA and LIC had already invested $704 million before Monday's subscription.