{
  "id": 15657433,
  "title": "Abu Dhabi’s ADIA joins BlackRock and Fidelity in $3.2bn Jio IPO as demand tops $25bn",
  "url": "https://urgent.news/2026/10/19/abu-dhabis-adia-joins-blackrock-and-fidelity-in-3-2bn-jio-ipo-as",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-19T21:26:11.000Z",
  "source": {
    "name": "Arabian Business",
    "slug": "arabian-business",
    "url": "https://www.arabianbusiness.com/finance/markets/abu-dhabis-adia-joins-blackrock-and-fidelity-in-3-2bn-jio-ipo-as-demand-tops-25bn"
  },
  "original_language": "en",
  "account": null,
  "summary": "Jio Platforms Ltd is expected to raise Rs 30,213 crore through a fresh issue of 27 crore equity shares at the upper-end price band of Rs 1,119 per share. The Indian Express reports that the issue is poised to be the country's largest IPO to date. The price band for the offering is set between Rs 1,065 and Rs 1,119 per share, with the IPO scheduled to open on October 21 and close on October 23.\n\nThe offering has seen significant institutional interest, with Arabian Business reporting over $25bn in demand. The Indian Express states that demand for the Rs 8,110-crore anchor book exceeded 30 times the amount on offer, while aggregate institutional demand reached nearly Rs 2.5 lakh crore.\n\nInvestors showing interest include asset managers such as BlackRock, Fidelity Investments, Capital Group, T Rowe Price, Schroders, JPMorgan Asset Management, Franklin Templeton, Invesco, and Janus Henderson, according to The Indian Express. Sovereign wealth funds interested in the IPO include the Abu Dhabi Investment Authority, Qatar Investment Authority, Singapore’s GIC, and Norway’s Norges Bank Investment Management.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "The Indian Express",
        "title": "Jio IPO anchor book draws Rs 2.5 lakh cr in demand; BlackRock, Fidelity among investors",
        "url": "https://urgent.news/2026/10/19/jio-ipo-anchor-book-draws-rs-2-5-lakh-cr-in-demand-blackrock-fidelity",
        "published": "2026-10-19T12:54:47.000Z"
      },
      {
        "outlet": "Business Standard IN",
        "title": "Jio IPO anchor book sees over 30x demand, draws record bids worth ₹2.5 trn",
        "url": "https://urgent.news/2026/10/19/jio-ipo-anchor-book-sees-over-30x-demand-draws-record-bids-worth-2-5",
        "published": "2026-10-19T18:24:36.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}