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Business & Finance

Meta- and Google-backed Jio Platforms’ shares soar over 21% on trading debut after record IPO

CNBC Wednesday 28 October 2026, 04:34 UTC 1 min read
Key Points

NEW DELHI, INDIA - 2026/10/09: A security guard talks on his phone near the Jio logo, (representing Reliance Jio Infocomm Limited, a telecommunications and digital services provider in India). Sopa Images | Lightrocket | Getty Images Jio Platforms' shares rose 21.4% on their trading debut Wednesday after a record initial public offering that was oversubscribed 22 times. The company raised 302 billion rupees ($3.2 billion), making it the country's largest-ever IPO.

NEW DELHI, INDIA - 2026/10/09: A security guard talks on his phone near the Jio logo, (representing Reliance Jio Infocomm Limited, a telecommunications and digital services provider in India). Sopa Images | Lightrocket | Getty Images Jio Platforms' shares rose 21.4% on their trading debut Wednesday after a record initial public offering that was oversubscribed 22 times. The company raised 302 billion rupees ($3.2 billion), making it the country's largest-ever IPO. This is breaking news. Please check back for updates.
Google (ORG) Jio Platforms’ (ORG) IPO (ORG) NEW DELHI (LOCATION) INDIA (LOCATION) Jio (PERSON) Reliance Jio Infocomm Limited (ORG) Sopa Images (ORG) Getty Images Jio Platforms' (PERSON)
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