StartupsTechCrunchabout 2 hours ago
Jio Shares Surge 21% in Market Debut
2 min read
Jio Platforms shares surged 21% on Wednesday after its India IPO raised $3.2 billion, attracting over $77 billion in bids from 13.8 million applicants. The listing valued the company at roughly $131.9 billion, making it India's second-most valuable listed entity. Jio plans to use up to $2.9 billion of proceeds to repay debt at its telecom subsidiary.
Level
Hype check
Tap to vote and see what everyone thinks.
