Macro Finance
Jio’s Record IPO Draws Strong Demand, Defying India Market Rout
Bloomberg Markets·October 23, 2026·1 min read
Jio Platforms Ltd.'s $3.1 billion initial public offering drew strong demand, especially from institutional investors, defying a weeklong selloff in Indian equities. The record share sale, the country's biggest ever, proceeded despite market turbulence, signaling robust investor appetite for the telecom giant.
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