Jio Platforms' $3.2 Billion IPO Shatters Records Despite India Market Selloff

Name: Jio Platforms' $3.2 Billion IPO Shatters Records Despite India Market Selloff
Uploaded: 2026-10-23T16:05:51.404251+00:00
Description: Jio Platforms Ltd.'s roughly $3.2 billion initial public offering was fully subscribed within about 100 minutes of opening on Oct. 21, 2026, and closed nearly 20 times oversubscribed on Oct. 23 despite a week-long selloff in Indian equities. The deal values the Reliance Industries digital unit at up to $108 billion, making it India's largest-ever IPO.

Jio Platforms Ltd.'s roughly $3.2 billion initial public offering was fully subscribed within about 100 minutes of opening on Oct. 21, 2026, and closed nearly 20 times oversubscribed on Oct. 23 despite a week-long selloff in Indian equities. The deal values the Reliance Industries digital unit at up to $108 billion, making it India's largest-ever IPO.

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