GoKawiilJio Platforms shares jump 21% on debut after record $3.2 billion IPO
Jio Platforms, Mukesh Ambani's telecom and digital services arm backed by Meta and Google, opened at ₹1,358 per share on its market debut, up from an IPO price of ₹1,119. The offering drew bids worth more than $77 billion and over 13.8 million applicants, making it India's most subscribed stock sale on record, and the debut valued Jio at roughly ₹12.5 trillion ($131.9 billion), second only to parent Reliance Industries.
GoKawiil's interpretation of the reporting above, not reported fact.
The scale of demand suggests investors see strong growth potential in Jio's expansion beyond telecom into broadband, cloud and AI services. The listing also comes as Akash Ambani takes a more prominent leadership role, which could signal a generational shift in how Reliance's digital businesses are run and positioned globally.
- Jio's IPO raised $3.2 billion and was oversubscribed 22.19 times, India's most subscribed offering on record
- Shares surged 21% on debut, valuing Jio at about $131.9 billion, second-most valuable listed Indian company
- Akash Ambani said Jio now serves over 540 million customers and aims to become a global technology company
Source: techcrunch.com — Jagmeet Singh, 2026-10-28
Published there as: “Jio shares surge 21% in market debut after blockbuster India IPO”
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