Jio IPO draws about $25 billion in anchor investor bids
Jio Platforms’ $3.2 billion IPO has attracted about $25 billion in institutional bids, nearly 30 times the quota reserved for anchor investors, two people familiar with the matter said.
By Aditya Kalra and Vibhuti SharmaMukesh Ambani's $3.2 billion Jio Platforms IPO has drawn bids of about $25 billion from institutions including GIC, BlackRock and Fidelity, totaling almost 30 times the quota reserved for anchor investors, two people familiar with the matter said.The telecoms, clo…