Jio Platforms shares surge 21% in market debut after record $3.2 billion India IPO
Jio Platforms, the telecom and digital services unit of Reliance Industries backed by Meta and Google, rose 21% in its stock market debut after raising about $3.2 billion in India's largest and most subscribed IPO. The offering drew bids worth more than $77 billion and was 22.19 times oversubscribed. Shares opened at ₹1,358 against an IPO price of ₹1,119, valuing Jio at roughly $131.9 billion. This is business and financial news with no cyber threat, vulnerability or incident content, so it has no direct operational relevance for defenders.
Detalhes técnicos
- Jio reported profit of about $3.2 billion on revenue of about $15.5 billion for the fiscal year ended March 2026.
- Up to ₹275 billion of the proceeds will repay debt at Reliance Jio Infocomm.
- The company says it serves more than 540 million customers, and its business now includes broadband, cloud services and AI.
Linha do tempo
-
Jio Platforms shares surge 21% in market debut after record $3.2 billion India IPO
ler a análise desta fonte ocultar
Jio Platforms, the telecom and digital services unit of Reliance Industries backed by Meta and Google, rose 21% in its stock market debut after raising about $3.2 billion in India's largest and most subscribed IPO. The offering drew bids worth more than $77 billion and was 22.19 times oversubscribed. Shares opened at ₹1,358 against an IPO price of ₹1,119, valuing Jio at roughly $131.9 billion. This is business and financial news with no cyber threat, vulnerability or incident content, so it has no direct operational relevance for defenders.
Technical Details
- Jio reported profit of about $3.2 billion on revenue of about $15.5 billion for the fiscal year ended March 2026.
- Up to ₹275 billion of the proceeds will repay debt at Reliance Jio Infocomm.
- The company says it serves more than 540 million customers, and its business now includes broadband, cloud services and AI.