Jio shares surge 21% in market debut after blockbuster India IPO
Jio Platforms, billionaire Mukesh Ambani’s Indian telecom and digital services unit backed by Meta and Google, surged 21% in its stock market debut on Wednesday after raising $3.2 billion in India’s largest and most subscribed IPO, which attracted more than $77 billion in investor bids. The shares opened at ₹1,358 (about $14) apiece, up from…