Jio Platforms Records Strong Early Demand in Unofficial Gray Market Trading
Following a record-breaking $3.1 billion initial public offering in India, shares of Jio Platforms Ltd., the digital and telecommunications company led by billionaire Mukesh Ambani, are indicating a 22 percent increase in unofficial gray-market trading. This robust early activity has significantly heightened expectations among successful investors for a substantial price increase when the stock officially debuts on the public market, reflecting strong overall market enthusiasm for the massive corporate offering.
Originally published by Bloomberg Business | By Rajesh Mascarenhas | 27 October 2026 | Read original: https://www.bloomberg.com/news/articles/2026-10-27/jio-shares-mukesh-ambani-india-gray-market-trading
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