Madison Air Solutions opened on the NYSE Thursday with an 18.5% first-day gain, pushing its market valuation to $15.65 billion and marking the largest U.S. IPO of the year so far. The HVAC and air quality solutions provider raised $2.23 billion in the offering, drawing strong institutional interest ahead of its debut. Madison Air serves multiple end markets, but investor appetite is visibly tied to data center expansion driven by AI infrastructure buildout, where thermal and airflow management are critical operational inputs. The outsized first-day pop signals that public market investors are pricing in sustained data center capital spending as a durable growth tailwind for industrial suppliers in the HVAC space. Observers will now track whether Madison Air's post-IPO trading stabilizes near its debut valuation or gives back gains as lock-up periods and earnings disclosures approach, and whether its performance reopens the IPO window for other industrial and infrastructure companies waiting on the sidelines.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
South Korea's Kospi dropped 3% at Monday's open while Japan's Nikkei fell 1%, as escalating US-Iran conflict triggered a broad risk-off move across Asian markets. South Korea's heavy reliance on Middle East oil imports makes it especially vulnerable to geopolitical shocks of this kind.
