Report
Jio Platforms closes 27% higher after India’s biggest-ever IPO
Bloomberg reports that Reliance Industries’ telecom and digital-services arm raised $3.1 billion despite a difficult market backdrop.
TLDR
Bloomberg reports that Jio Platforms raised $3.1 billion in India’s biggest-ever IPO and closed 27% higher in Mumbai on October 28. Forbes says demand exceeded 20 times the size of the offering, which was fully subscribed within two hours on its first day.
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