Jio Platforms Shares Jump 21% in Trading Debut After $3 Billion IPO
Shares rose 21% to 1,357 rupees in early trading Wednesday after the company raised over $3 billion in India's largest-ever IPO.
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Shares rose 21% to 1,357 rupees in early trading Wednesday after the company raised over $3 billion in India's largest-ever IPO.
The National Stock Exchange of India's IPO drew bids worth more than $10 billion by its final day, oversubscribing by 5.7 times the shares on offer. Institutional buyers led the demand, bidding for 12.68 times their reserved portion.