StartupsET Techabout 1 hour ago
Jio Platforms $3.2B IPO 85% Subscribed in First Hour
4 min read
Jio Platforms' $3.2 billion IPO was 85% subscribed within the first hour of public bidding on Wednesday, valuing the Reliance unit at up to $108.3 billion. Institutional investors bid 2.8 times their reserved shares while retail reached 0.14 times. Shares begin trading October 28. Zerodha's Nitin Kamath credited Jio and Airtel with expanding India's digital economy.
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