Jio IPO fully subscribed within hours, a record for India
Ambani's Jio IPO has been fully subscribed within hours, with investors flooding in on day one. Reports describe it as the largest offering in India.
ContextContext: Reliance Jio is the telecom arm of Reliance Industries, led by Mukesh Ambani. An IPO lets the public buy shares, and strong demand can lift overall market sentiment.
Read at Bloomberg.com
Burning Potato score: 29%