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India's Jio IPO opens for public bids in record $3.2 billion sale
MUMBAI: Public bidding for the $3.2 billion IPO of Jio Platforms opens on Wednesday, testing the appetite for India’s largest share sale to date and the first from billionaire Mukesh Ambani’s Reliance conglomerate in two decades. The Jio Platforms IPO will be a major test of global appetite for new share offerings at a time when investors have sharpened their scrutiny of AI-related companies, which some analysts say could see them pivoting away from the technology. With backing from Meta, Google and institutional investors, Jio Platforms is home to India’s biggest telecom company with more ...
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