Bloomberg · Ashutosh Joshi ·

Jio Platforms adds $36B in market value in two trading sessions, hitting a $144B market cap, up from its ~$108B IPO valuation, after India's biggest-ever IPO

Jio Platforms Ltd. has added almost $36 billion in market value in two trading sessions, extending its blistering run …

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Jio Platforms adds $36B in market value in two trading sessions, hitting a $144B market cap, up from its ~$108B IPO valuation, after India's biggest-ever IPO

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Bloomberg — Jio Platforms adds $36B in market value in two trading sessions, hitting a $144B market cap, up from its ~$108B IPO valuation, after India's biggest-ever IPO ↗

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Oct 29Oct 30

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CNBC: Jio Platforms, India's largest telecom and digital services company, jumps 21.4% in its trading debut, after raising ~$3.2B in the country's largest-ever IPO

Reuters: Jio Platforms seeks to raise up to $3.2B in India's largest IPO, which would value it at as much as $108.3B; the offering opens October 21 and closes October 23

The Hindu BusinessLine: Jio Platforms, which owns India's largest carrier and counts Meta and Google as investors, gets regulatory approval to float India's largest-ever IPO of ~$4B

Bloomberg: CXMT overtakes Tencent to become the most valuable Chinese company, with a ~$524B market cap, above Tencent's ~$510B; CXMT's Shanghai shares jumped 460%+ at IPO

Bloomberg: Stock trading app Ajaib raised a $270M Series C from SBI Holdings, the largest round since 2022 in Indonesia, where startups raised just ~$340M last year

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