| HBS Case Collection
(Revised from original 2007 version)
Motilal Oswal Financial Services Ltd.: An IPO in India
The executives of Motilal Oswal Financial Services, Ltd., one of the largest brokerages in India, are considering an IPO on the Indian markets. The company recently received a small private equity investment from two global private equity firms, which it has not yet fully invested. Historically, the Indian markets have favored higher-revenue companies. Should Motilal Oswal go public now, to take advantage of the hot Indian market, or hold off and build its revenue for a higher valuation?
Keywords: Private Equity;
Initial Public Offering;
Financial Services Industry;