Jio Platforms Seeks Up to $3.2 Billion in India’s Largest-Ever IPO
Mukesh Ambani’s Jio Platforms is raising up to $3.2 billion at a valuation of as much as $108.3 billion. The IPO was fully subscribed in less than two hours of public bidding this week.
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06:27:08 AM UTC
SquawkNews
Subscriptions for Indian billionaire Mukesh Ambani's first IPO in two decades surged further on the final day of bidding on Friday, as investors bet on Jio Platforms' (JIOP.NS) $3.2 billion offering to tap into the nation's telecom and digital sector.Jio's IPO, India's largest ever, is being closel…
Billionaire Mukesh Ambani's Jio Platforms (JIOP.NS) is raising up to $3.2 billion in India's largest-ever IPO, valuing the mainly telecoms group at as much as $108.3 billion.The IPO was fully subscribed in less than two hours of public bidding this week, in what is a test of investor appetite for t…