India unicorns to provide wealth creation opportunities: Morgan Stanley

Mumbai: Indian unicorns collectively valued at around $300 billion are likely to line up for listing on stock exchanges, creating manifold opportunities of wealth creation for investors and equity holders, senior executives of Morgan Stanley India’s investment banking unit said.

“These unicorns are likely to go public over the next 3-5 years, creating a strong pipeline for investors to make healthy returns,” said Kamal Yadav, co-head of investment banking in India, Morgan Stanley. Yadav, along with colleague Samarth Jagnani, the head of global capital markets, India, at Morgan Stanley, were speaking at a session on the wave of tech IPOs during the India Internet Day event organised by TiE Delhi.