Anchor investors, including the Abu Dhabi Investment Authority, BlackRock and Fidelity, had earlier placed bids exceeding US$25 billion for US$854 million worth of shares reserved for them. (EPA Images pic)NEW DELHI: Subscriptions for Indian billionaire Mukesh Ambani's first IPO in two decades surged further on the final day of bidding on Friday, as investors bet on Jio Platforms' US$3.2 billion offering to tap into the nation's telecom and digital sector.
Jio's IPO, India's largest ever, is being closely watched as a test of investor appetite for large listings at a time when AI-linked stocks are facing increased scrutiny. The company, whose mobile network serves more than 500 million users, is launching its IPO during the auspicious Hindu festive season.
