Life Insurance Corporation of India (LIC) has emerged as one of the biggest wealth destroyers among Asia's initial public offerings in 2022. LIC IPO, which was India's biggest ever IPO after Paytm (2021) and Coal India (2010), is now at the second spot in terms of loss in market cap since listing. It is just behind South Korea's LG Energy Solution which saw a more than 30% decline in its share price after a spike on debut. LG Energy Solution, a subsidiary of LG Chem, made its debut on the Korea Exchange (KRX) on January 27.from IndiaTV Business: Google News Feed https://ift.tt/LJ6VS3n
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