Business & Finance
Jio Platforms Adds $36 Billion in Value After India IPO Surge
Key Points
Jio Platforms Adds $36 Billion in Value After India IPO Surge Jio Platforms Ltd. has added almost $36 billion in market value in two trading sessions, extending its blistering run after India’s biggest-ever initial public offering and underscoring investor appetite for direct exposure to the telecom and digital-services giant. Shares of Reliance Industries Ltd.’s unit jumped as much as 5.1% Thursday, building on a nearly 27% surge in their trading debut. The gains lifted Jio’s market value...
Jio Platforms Adds $36 Billion in Value After India IPO Surge
Jio Platforms Ltd. has added almost $36 billion in market value in two trading sessions, extending its blistering run after India’s biggest-ever initial public offering and underscoring investor appetite for direct exposure to the telecom and digital-services giant.
Shares of Reliance Industries Ltd.’s unit jumped as much as 5.1% Thursday, building on a nearly 27% surge in their trading debut. The gains lifted Jio’s market value to about $144 billion, compared with roughly $108 billion at its IPO price, cementing its position as India’s second-most valuable listed company.