Meta- and Google-backed Jio Platforms’ shares soar over 21% on trading debut after record IPO
Jio had offered 270 million shares in the IPO priced at 1,119 rupees apiece, raising 302 billion rupees ($3.2 billion) in the country's largest-ever IPO.
Crossfiled / Jio Platforms
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Jio had offered 270 million shares in the IPO priced at 1,119 rupees apiece, raising 302 billion rupees ($3.2 billion) in the country's largest-ever IPO.
Mukesh Ambani's Jio Platforms surged as much as 23% in its trading debut after raising a record $3.1 billion in India’s biggest IPO, putting it on track to become the country’s second-most valuable listed company. Sanjay P R explains. (Source: Bloomberg)
Jio plans to use most of its IPO proceeds to repay debt as it expands beyond telecom.
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