Jio Shares Indicated 22% Higher in India Gray-Market Trading

Jio Platforms Ltd. raised $3.1 billion in an initial public offering, the largest IPO in India's history, according to Bloomberg. The company's stock surged in its trading debut on Wednesday, defying a poor track record for India's megadeals. Gray-market trading indicated the shares were up 22% ahead of the official listing, Bloomberg reported.

• Bloomberg — Jio Shares Indicated 22% Higher in India Gray-Market Trading
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• Bloomberg — Ambani’s Jio Surges in Debut After India-Record IPO
• Bloomberg — Ambani Sheds Tears as India’s Richest Family Hails Jio Debut Pop
• Bloomberg — Mukesh Ambani Gets Emotional at Jio Listing
• Bloomberg — Ambani Magic Captivates India Once More With Blockbuster Deal
• Bloomberg — Jio Boosts India to Top of Global IPO Market With Record October

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