{
  "id": 16851918,
  "title": "Meta- and Google-backed Jio Platforms’ shares soar over 21% on trading debut after record IPO",
  "url": "https://urgent.news/2026/10/28/meta-and-google-backed-jio-platforms-shares-soar-over-21-on-trading-16851918",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T05:16:41.000Z",
  "source": {
    "name": "CNBC",
    "slug": "cnbc",
    "url": "https://www.cnbc.com/2026/10/28/jio-ipo-india-listing-.html"
  },
  "original_language": "en",
  "account": null,
  "summary": "Jio Platforms, the digital services arm of Reliance Industries, saw its shares rise 21.4% during its trading debut on Wednesday. The company raised approximately $3.2 billion through India's largest-ever initial public offering, offering 270 million shares priced at 1,119 rupees apiece. Hindu BusinessLine reports that the issue received 22.19 times overall subscription, with total demand across the public issue and anchor placement exceeding ₹7.4 lakh crore.\n\nThe IPO is part of billionaire Mukesh Ambani’s effort to diversify Reliance Industries from an oil and chemicals conglomerate into a technology and consumer-focused entity, according to CNA - Business. Hindu BusinessLine notes that the company will primarily use the proceeds from the fresh issue to repay up to ₹27,500 crore of borrowings at Reliance Jio Infocomm. At the issue price, the company is valued at approximately ₹10.3 lakh crore.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "The Economic Times - Top News",
        "title": "Jio Platforms Listing Today: Rs 30,213 crore IPO eyes strong debut on Dalal Street",
        "url": "https://urgent.news/2026/10/28/jio-platforms-listing-today-rs-30-213-crore-ipo-eyes-strong-debut-on",
        "published": "2026-10-28T01:30:00.000Z"
      },
      {
        "outlet": "Hindu BusinessLine",
        "title": "Cautious mood to prevail at Dalal Street on Wednesday",
        "url": "https://urgent.news/2026/10/28/cautious-mood-to-prevail-at-dalal-street-on-wednesday",
        "published": "2026-10-28T02:36:49.000Z"
      },
      {
        "outlet": "Free Press Journal",
        "title": "Mukesh Ambani Gets Emotional At Jio Platforms IPO Listing, Isha And Anant Ambani's Heartfelt Speeches Steal The Show",
        "url": "https://urgent.news/2026/10/28/mukesh-ambani-gets-emotional-at-jio-platforms-ipo-listing-isha-and",
        "published": "2026-10-28T05:42:34.000Z"
      }
    ]
  },
  "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."
}