Massive Investor Demand Drives Record-Breaking Jio Platforms Initial Public Offering
On the final day of bidding, investor demand for the Jio Platforms initial public offering surged past ten times the available shares, according to reporter Neha Poonia. Backed by Indian billionaire Mukesh Ambani, the mobile network operator's 3.2 billion dollar offering attracted over 24 billion dollars in bids. This represents India's largest initial public offering to date for a telecommunications provider that currently serves a subscriber base exceeding 500 million users across the country.
Originally published by CNA | 23 October 2026 | Read original: https://www.channelnewsasia.com/watch/jio-platforms-ipo-ambanis-offering-more-10-times-oversubscribed-6486656
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