IPO listing: Jio Platforms to debut stock market; check share price, gains & more
Council news desk is preparing the full on-site briefing for this update.
India has become the world’s busiest initial public offering market this year by the number of deals, with 246 listings so far.
However, it ranks fourth by the amount of money raised, at $13.5 billion, behind the United States, mainland China and Hong Kong, according to LSEG data.
Jio Platforms’ $3.2 billion offering is India’s largest IPO and attracted bids worth $77 billion.
The listing is being closely watched as a test of investor appetite for large public offerings amid increased scrutiny of artificial intelligence-linked stocks.
Several brokerages have described Jio Platforms’ $108.3 billion valuation as attractive, while flagging competition, heavy capital spending and changes in telecom rules as risks.
Full detailed coverage is shown on the council website above. Source attribution: Times of India – Business.
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