Jio’s $3.2 Billion IPO Draws Strong Demand
Jio’s $3.2 billion IPO drew strong demand despite global jitters, with the offering highlighting investor interest in the telecom company’s digital ambitions.
By Ujjaini DuttaThe telecom company's $3.2 bln deal drew strong demand despite global jitters, underscoring the Ambani clan's allure. Investors get their digital ambitions at a dumb pipe valuation multiple. It cushions risks from Jio’s 2020 backers, who paid for the dream and still need an exit.Fu…