Indian companies raised more than twice the amount mobilised in the US, where IPO fundraising stood at $2.1 billion through Thursday, while Hong Kong recorded $1.5 billion, Bloomberg data showed.
Billionaire Mukesh Ambani's Jio Platforms raised over $3bn in a record IPO, while a big profit rise by SK Hynix helped lift tech stocks on Asian markets on Wednesday.
Jio Platforms shares list at around Rs 1,357, delivering a 21.3% premium over the Rs 1,119 IPO price after record demand for its Rs 30,188-crore issue
Jio Platforms made its stock market debut at Rs 1,358, a 21.36 per cent premium over its IPO price, as Anant, Isha and Akash Ambani invoked the family’s legacy and outlined the company’s ambitions...
Jio Platforms has been valued at Rs 10.3 lakh crore after its Rs 30,188-crore IPO attracted record demand
By Srinivasan Sivabalan On a day when Jio Platforms Limited (JPL) made its debut on the Indian stock exchanges, its $107 billion valuation put a price on several bets at once: Mukesh Ambani’s...
Akash, Isha and Anant Ambani outlined Jio Platforms’ ambitions in AI, cloud computing and global expansion, highlighting the company’s next growth phase after its blockbuster stock market debut
Anant Ambani thanked Prime Minister Narendra Modi for the Digital India vision, saying it gave Jio its purpose, as Reliance’s telecom and digital services business made its stock market debut
Jio Platforms lists on October 28 as grey-market premium signals a potential 22% gain. Check the Rs 248 GMP, IPO subscription and brokerage targets
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