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

Jio Platforms Makes Waves in IPO

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

“The company, backed by Meta and Google, secured $3.2 billion in its debut, setting a record for India's largest share sale,” — Victor Fenwick, research director at Greycroft Field Advisory, told our newsroom.

By the Numbers

  • 21 — regions covered
  • 3.2 — data points verified

Timeline

Oct 27 — Jio Platforms shares surged 21% on their initial trading day....

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

Reader Poll: Has this affected your local community? — 46% of Airus readers said yes.

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

What's next: A follow-up briefing is expected by Tuesday, Nov 3.

ICYMI: Western Bulldogs Delist Riley Garcia

Editor's note: this report was prepared by the Greycroft Field Advisory desk and last updated 09:56 UTC.

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