Mukesh Ambani’s Jio Platforms has made a blockbuster stock market debut after raising $3.1 billion in India’s largest-ever initial public offering (IPO), valuing the telecom and digital services giant at approximately $131 billion.
The company’s shares surged 26.7% on debut, reflecting strong investor demand and positioning Jio to become India’s second-most valuable listed company, behind its parent, Reliance Industries.
The milestone marks a significant moment for India’s capital markets and highlights investor interest in Jio’s telecommunications and digital services business, which has become a major player in the country’s rapidly expanding digital economy.
