Jio IPO Bids Top Ten Times
Subscriptions for Jio Platforms massive initial public offering surged past ten times the available shares on the final day of bidding. The offering values the telecom giant at up to $108.3 billion ahead of its market debut next week.
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Subscriptions for Jio Platforms crossed 10 times the shares on offer by Friday evening in India, drawing over $24.5 billion in total demand. The $3.2 billion offering marks billionaire Mukesh Ambani's first IPO in two decades during the festive season. The listing tests investor appetite for large-scale offerings while AI-linked equities face heightened scrutiny.
