Hyundai seeks $19 billion valuation in India's biggest IPO: Report

South Korea's Hyundai Motor Company is seeking a valuation of $19 billion for the upcoming IPO of its Indian unit, Bloomberg reported. The IPO plans to raise around $3 billion in what would be India's biggest IPO. A mix of foreign and local institutional investors including asset managers and pension funds has reportedly shown interest in buying Hyundai's shares.