Jio Platforms IPO Draws More Than Four Times Demand on Second Day
The USD 3.2 billion offering drew strong bids on its second day. Institutional investors bid for 9.78 times their reserved shares, while the retail quota filled.
Institutional investors bid for 9.78 times their reserved shares as the USD 3.2 billion offering values Jio Platforms at up to USD 108.3 billionReliance Industries’ Jio Platforms attracted bids for more than four times the shares on offer on Thursday, the second day of its initial public offering…