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Investors pile into Ambani’s Jio IPO as bids top 13 times
NEW DELHI: Subscriptions for India’s biggest stock listing ever surged further on the final day of bidding on Friday, as investors bet on Jio Platforms’.2 billion offering to tap into the nation’s telecom and digital sector. Billionaire Mukesh Ambani’s first initial public offering in two decades is being closely watched as a test of investor appetite for large listings when AI-linked stocks are facing increased scrutiny. Jio, whose mobile network serves more than 500 million users, is launching its initial public offering during the auspicious Hindu festive season. The Jio IPO has received mo...
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