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Jio shares surge 21% in market debut after blockbuster India IPO

TechCrunch·Oct 28, 2026 · 12:20 AM CT
Readthrough summary

Jio Platforms, Mukesh Ambani's telecom and digital unit backed by Meta and Google, jumped 21% in its market debut after India's largest IPO raised $3.2 billion. The offering drew more than $77 billion in bids, and the debut valued Jio at about $131.9 billion.

Summary written by Readthrough from the original article. The full story, with photos and any updates, is at TechCrunch.

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