VCCircle

Another interesting story from Reuters on equity broking houses. It quotes one of the players saying that 30 more broking firms are expected to launch IPOs or get private equity investors. For instance, JRG Securities Ltd. is a small broking house, set up in 1992 by three friends. It initially traded shares worth just Rs 50,000 ($1,100) a day. With turnover now 100,000 times that, JRG is planning an initial public offering (IPO) to fund expansion as the market scales new peaks nearly every day. There are several such players now looking to launch their IPOs. Read more here.