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Economy · Mumbai, India ·

Jio Platforms raises $3.2 billion in India's biggest IPO

Reported by 2 outlets · first reported Oct 29, 12:55 AM ET

Jio drew about $77 billion in bids. It becomes India's second most valued firm.

Why it matters

Signals strong investor appetite for India.

Background

Jio is Reliance's telecom unit.

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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