importantSYS.SOURCE: TechCrunch• 2026-10-28T05:20:32Z
Jio Platforms' Stock Rises 21% on Successful Market Debut Following Record-Breaking IPO
Jio Platforms' stock surged 21% on its market debut following India's largest IPO, raising $3.2 billion and valuing the company at $131.9 billion. The offering attracted $77 billion in bids, highlighting strong investor confidence in Jio's expansion into telecom, cloud services, and AI.
Jio has debuted as India's second-most valuable listed company, behind its parent, Reliance Industries.
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