ヒュンダイ、インドで上場！東京メトロの2.7倍時価総額！
インドIPOが映す力 現代自の現地法人、東京メトロの3倍：日本経済新聞
やや古新聞になるが、日本経済新聞の情報を紹介したい。韓国の現代自動車（ヒュンダイ）のインド現地法人は、インドでIPO（上場）した。その時価総額は、日本円換算で東京メトロの2.7倍だ。
韓国で資金調達できるヒュンダイが、なぜ、わざわざインドで資金調達するのか？一つは、話題性があると思う。新規上場は、その国で大きな話題になる。例えば、あり得ない話だが、GAFAMが日本でIPOしたらとんでもない話題になり、買いが殺到するだろう。アメリカ株は、今は日本人にとっては円安なので買いづらいが、日本でIPOすれば話は別だ。そのため、本国以外でのIPOは、話題性もあって成功する可能性がある。もう一つは、ヒュンダイがインド市場にかける本気度だと思う。昔は、スズキの早めの市場開拓で、スズキの独壇場だった。今は、ヒュンダイもかなり攻めている。ここで一気にルピーでも資金調達し、スズキを追い抜くための設備投資をしたいのかもしれない。
もう一つは、中国経済が米中対立で暗雲が立ち込めるため、インドでも稼がないといけないと危機感があるのかもしれない。
日本経済新聞によれば、今年の9月までのIPO件数は、インドが世界一らしい。それだけ、期待も大きいし、旺盛な資金需要があるということだと思う。
日本企業も、本気で世界で戦うならば、新興国で上場するのも一つの財務戦略だと考える。
English essay by AI
Hyundai's IPO in India: A Milestone and Lessons for Japanese Companies
Hyundai Motor India's IPO is a landmark event, marking the largest IPO in India's history. This move reflects Hyundai's strategic focus on expanding its footprint in India, a rapidly growing automotive market. By raising approximately $3.3 billion, Hyundai aims to enhance its production capabilities, particularly in electric vehicles, aligning with India's push for domestic EV production[1][2].
Significance of Hyundai's IPO
The IPO is significant for several reasons:
Market Expansion: It strengthens Hyundai's position against competitors like Maruti Suzuki by supporting local manufacturing and R&D[2].
Financial Growth: The funds will help Hyundai close the market share gap with Maruti Suzuki and invest in future technologies[4].
Investor Confidence: The oversubscription of shares indicates strong investor interest, highlighting India's automotive sector's attractiveness[2].
Other Successful IPOs in India
India has seen several successful IPOs:
Zomato: Raised about $1.3 billion in 2021, setting a precedent for tech listings.
Paytm: Raised $2.2 billion in November 2021, showcasing fintech potential.
Conditions for Japanese Companies to Succeed with an IPO in India
For Japanese companies aiming for similar success, key strategies include:
Deep Market Understanding: Tailoring offerings to Indian consumer preferences is crucial.
Strong Local Partnerships: Collaborating with local firms can provide valuable insights and facilitate market entry.
Robust Governance and Transparency: High standards of corporate governance are essential to gain investor trust.
In conclusion, Hyundai's successful IPO highlights India's growing importance as a global economic player. For Japanese companies, understanding local market dynamics and building strong partnerships are vital steps towards success in India's vibrant economic landscape.
引用:
[1] Why is Hyundai's IPO a Game Changer for Automotive ... - YouTube https://www.youtube.com/watch?v=RKF4jZdZaBw
[2] India's IPO record shattered with $5.5 billion launch – DW – 10/19/2024 https://www.dw.com/en/indias-ipo-record-shattered-with-55-billion-launch/a-70499104
[3] 韓国現代自動車、インド子会社が上場申請 同国最大のＩＰＯか https://jp.reuters.com/markets/world-indices/GZXSSLK3JJNZBJF2G3NNEWAG3I-2024-06-17/
[4] Hyundai Motor India Makes History with India’s Largest IPO and Plans to Expand Investment and Localize EV Supply Network https://www.hyundai.com/worldwide/en/newsroom/detail/hyundai-motor-india-makes-history-with-india%25E2%2580%2599s-largest-ipo-and-plans-to-expand-investment-and-localize-ev-supply-network-0000000853
[5] Hyundai Motor India IPO: Avoid, say these analysts; here's why https://www.businesstoday.in/markets/ipo-corner/story/hyundai-motor-india-ipo-avoid-say-these-analysts-heres-why-450049-2024-10-15
[6] Hyundai Motor IPO: A Comprehensive Guide for Retail Investors https://www.businesstoday.in/impact-feature/story/hyundai-motor-ipo-a-comprehensive-guide-for-retail-investors-450034-2024-10-15
[7] Hyundai India shares drop 6% on market debut after record IPO | CNN https://www.cnn.com/2024/10/22/india/hyundai-india-record-ipo-intl-hnk/index.html
[8] Hyundai IPO: A Significant Opportunity for Investors to Engage with ... https://www.hindustantimes.com/sponsored-post/hyundai-ipo-a-significant-opportunity-for-investors-to-engage-with-the-most-celebrated-automotive-brand-in-india-101728977397925.html