StartupsReutersabout 2 hours ago
Jio Draws $25 Billion in IPO Bids
2 min read
Jio Platforms drew about $25 billion in anchor investor bids, totaling 30 times the quota, from institutions including GIC, BlackRock, and Fidelity. The telecom group plans to use up to $2.90 billion of net proceeds to repay borrowings for its subsidiary, Reliance Jio Infocomm.
Level
Hype check
Tap to vote and see what everyone thinks.