Jio Platforms Opens 25% Above IPO Price at $137 Billion Valuation
Photo: TokenPost
Jio Platforms began trading in India on Oct. 28 at more than 25% above its IPO price, giving the telecom and digital services company a $137.1 billion market capitalization. The debut made Jio India’s second-most valuable company, behind Reliance Industries. Reliance held more than 64% of Jio after the offering. Shares opened 3.3% higher in India on Thursday, Oct. 29, the next trading day. Backed by Meta and Google, Jio is India’s largest telecom operator and a digital services company. Jio Platforms is the parent of Reliance Jio Infocomm Limited, its telecom subsidiary.
Source: TokenPost
