Jio Platforms IPO Draws $25B in Anchor Bids
Mukesh Ambani is leading Jio Platforms toward a historic public offering after drawing twenty five billion dollars in anchor bids. Global institutional investors including BlackRock and Fidelity participated in the offering. The proceeds will help repay subsidiary borrowings.
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Jio Platforms drew about $25 billion in anchor investor bids for its $3.2 billion IPO in India, two people familiar with the matter said Monday morning. The demand totals nearly 30 times the quota reserved for institutional buyers ahead of the public subscription opening Wednesday.
