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Anu Aiyengar, head of global advisory and mergers and acquisitions at JPMorgan Chase & Co., stated that as companies and private equity firms monetize their investments, the scale of initial public offerings (IPOs) in India is expected to expand. Investors believe that India will continue to advance on the record-setting IPOs from last year. Last year, India raised nearly $21 billion through IPOs, including the listing of Hyundai Motor Co.'s Indian subsidiary (the largest IPO in India's history) and two other IPOs exceeding $1 billion. Aiyengar noted that with more capital inflows and an increasing number of investors, the scale of future Indian IPOs "could be significantly higher." She added that JPMorgan is currently preparing more IPOs in India than in any other market