Jio Platforms Opens 21% Above IPO Price as Sensex Falls
Jio Platforms opened 21% above its issue price on Wednesday, while the Sensex fell more than 1%. The IPO is described as India's largest to date.
New Delhi, Oct. 28 -- Jio Platforms made a strong stock-market debut on Wednesday, opening 21% above its issue price even as the Sensex fell more than 1%. The key test now is whether the issuer of India's largest initial public offering (IPO) to date can hold that premium through the close, unlike…