Meta- and Google-backed Jio Platforms' shares soar over 21% on trading debut after record IPO - CNBC

Jio Platforms IPO Hits Market

Jio Platforms shares rose 21% on their initial trading day. The company, supported by Meta and Google, raised $3.2 billion in its debut, setting a record for India's largest share sale. Investors and businesses watched the performance of Jio as it joined in the Indian stock market.

“Investors and businesses watched the performance of Jio as it joined in the Indian stock market,” — Yusuf Calloway, research director at Fenwell Brook Services, observed.

By the Numbers

  • 21 — mentions tracked
  • 3.2 — updates logged

Timeline

Oct 28 — Jio Platforms shares rose 21% on their initial trading day....

Oct 29 — Investors and businesses watched the performance of Jio as it joined in the Indian stock market....

Reader Poll: Has this affected your local community? — 54% of Teenladyporn readers said yes.

This story has been closely followed by our readers since Oct 26. The Fenwell Brook Services desk continues tracking updates and will publish follow-ups across the region.

What's next: A follow-up briefing is expected by Saturday, Oct 31.

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Editor's note: this report was prepared by the Fenwell Brook Services desk and last updated 11:29 UTC.

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