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

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NEW DELHI, INDIA - 2026/10/09: A security guard talks on his phone near the Jio logo, (representing Reliance Jio Infocomm Limited, a telecommunications and digital services provider in India).

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Jio Platforms' shares rose 21.4% on their trading debut Wednesday after a record initial public offering that was oversubscribed 22 times.

The company raised 302 billion rupees ($3.2 billion), making it the country's largest-ever IPO.

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