Jio IPO Anchor Investor Quota Nearly 30 Times Oversubscribed
Institutions including GIC, BlackRock and Fidelity submitted bids totaling almost 30 times the quota reserved for anchor investors in Jio Platforms’ $3.2 billion IPO, a person with direct knowledge said.
A person with direct knowledge said institutions including GIC, BlackRock and Fidelity have bid for Mukesh Ambani’s Jio Platforms IPO, valued at $3.2 billion. The bids total almost 30 times the allocation set aside for anchor investors. The telecoms, cloud and AI group on Monday…