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Market Impact: 0.4
Jio’s Record IPO Draws Strong Demand, Defying India Market Rout
Source: Bloomberg
IPOs & SPACsInvestor Sentiment & PositioningEmerging Markets
Jio Platforms Ltd.’s $3.1 billion IPO drew strong demand, particularly from institutional investors, despite a weeklong selloff in Indian equities. The offering is described as the country’s biggest-ever share sale.
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