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Economy · Mumbai, India ·

Jio Platforms soars 21% on debut after record IPO

Reported by 2 outlets · first reported Oct 28, 5:31 AM ET

Jio shares rose about 21% at listing in Mumbai. It raised $3.2 billion, India's largest IPO, with about $77 billion in bids.

Why it matters

It signals strong investor appetite for Indian companies.

Background

Jio is India's biggest mobile network operator.

The story so far

  1. Ambani's Jio Platforms launches what may be India's biggest IPO
  2. Jio Platforms soars 21% on debut after record IPO
  3. Jio Platforms raises $3.2 billion in India's biggest IPO
  4. Egypt raises over $650 million in Banque du Caire IPO

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Sources

This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.

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