StartupsVCCircleabout 3 hours ago
Jio Platforms IPO Subscribes in Two Hours
3 min read
Jio Platforms' $3.2 billion IPO was fully subscribed within two hours of public bidding on Wednesday. The offering values the company at up to $108.3 billion, trading starting October 28. While institutional investors bid 3.25 times their quota, retail investors bid only 0.22 times their share. This marks the first Reliance listing since 2006, with 90% of revenue from telecoms.
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