Event Brief
Oct 19, 2026 at 11:00 PM ET
Jio Platforms IPO draws more than $26 billion in bids
By The BriefBrief
Investors including BlackRock and Singapore’s GIC submitted more than $26 billion in anchor bids for Jio Platforms’ IPO. The company plans to raise up to $3.2 billion, making it India’s largest IPO in rupee terms but the second largest in dollar terms. Jio is aiming for a $107 billion valuation amid a stock market downturn, tougher competition and pressure from Elon Musk.
WHO: Jio Platforms and investors including BlackRock and GIC
WHAT: Investors submitted more than $26 billion in anchor bids for Jio Platforms’ planned IPO.
WHEN: Reported Oct 19, 2026 at 10:44 PM ET
WHERE: India
WHY: The IPO is intended to raise up to $3.2 billion.
Reporting from 2 identified publishers across this event arc.
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