NewsDialy
A contrarian bet is a position placed against the prevailing market view on an asset, held until that view shifts. Singapore's state investor Temasek made those calls on three companies in India.
This week, each of them jumped more than 30% after listing publicly. Three results at that level in the same week is a concentrated return.
An IPO, or initial public offering, is the moment a private company first sells shares to public investors.
An early backer like Temasek acquires equity before that event, often when the investment case is less visible to the broader market.
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