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Jio Platforms shares surge 21% upon Mumbai stock exchange debut following $3.2 billion India IPO

Reuters +3 · ·by G4L

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  1. 1Jio Platforms debuted on the Mumbai stock exchange with an India IPO size of $3.2 billion.
  2. 2Jio Platforms shares surged, recording a 21% increase at the time of its Mumbai debut.
  3. 3Jio's enterprise value of $131.52 billion makes it the second largest company in India, surpassing Bharti Airtel and HDFC Bank.

So what's the key point?

Jio Platforms entered the Indian stock market with a $3.2 billion IPO. Shares rose 21% on the first day of listing, making it the second largest company in India.

Source Reuters +3 · View original ↗

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