IT之家 · ITHome

Jio IPO bids exceed $77 billion, setting Indian record

Jio attracted more than $77 billion in IPO subscription bids, an Indian record, according to Reuters as cited by ITHome. The public offering was subscribed more than 22 times, with institutional subscriptions reaching 70.55 times. Based on its offering price, Jio’s valuation could reach $108.3 billion.

Source published: Brief prepared:

What to know

  • 01

    The IPO was fully subscribed within two hours of opening.

  • 02

    Jio has more than 500 million mobile users in India; Meta and Google are long-term investors.

Why it matters

These subscription figures offer one indication of investor demand for large IPOs in India.

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