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.