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Jio Platforms Adds $36 Billion in Value After India IPO Surge

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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.
Jio Platforms (ORG) Value After India IPO Surge Jio Platforms (ORG) Value After India IPO Surge Jio Platforms Ltd. (ORG) India (LOCATION) Reliance Industries Ltd.’s (ORG) Jio (PERSON) IPO (ORG)
Originally published by Bloomberg Technology Read original →