StartupsQuartzabout 3 hours ago
Jio Raises $854 Million in IPO Anchor
2 min read
Reliance Jio raised $854 million from anchor investors including BlackRock and Allianz as the $3.2 billion offering opens to the public Wednesday. The anchor allocation was priced at 1,119 rupees per share. Institutions bid nearly $25 billion, with Jio targeting up to 302 billion rupees in proceeds. Public subscription closes Oct. 23.
Level
Hype check
Tap to vote and see what everyone thinks.
