The rise in Asia Pacific ex-China volumes has been fueled by more than $9 billion of supply from India, one of the biggest beneficiaries of investors' doubts about China over the past year.
Hyundai Motor Co.'s India unit is taking orders this week for a $3.3 billion share sale, on track to be the country's largest ever IPO.
Rahul Saraf, India head of investment banking at Citigroup Inc., noted that 'the stars are aligned in many respects,' as many Indian businesses have matured enough to list.
India's busy market for share sales is leading to some concerns about a bubble, prompting regulators to crack down on irregularities to bolster market credibility.
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