Macro Finance
Jio IPO Lifts Angel One Past Zerodha as India’s No. 2 Broker
Bloomberg Markets·November 6, 2026·1 min read
Jio Platforms Ltd.'s record $3.1 billion initial public offering helped Angel One Ltd. overtake Zerodha Broking Ltd. to become India's second-largest brokerage by active investors on the National Stock Exchange of India. The IPO's success boosted Angel One's client base, reflecting a surge in retail participation in India's stock market.
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