Macro Finance
Ambani’s Jio Surges in Debut After India-Record IPO
Bloomberg Markets·October 28, 2026·1 min read
Jio Platforms Ltd. surged in its trading debut on Wednesday after billionaire Mukesh Ambani’s telecom giant raised a record $3.1 billion in India’s biggest initial public offering, defying a poor track record for the country’s mega deals. The stock’s strong start signals investor confidence despite broader market concerns.
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