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Jio IPO anchor book draws bids topping $25 billion
Original: India’s Jio lures marquee investors to IPO anchor book, bids top $25 billion
Reliance's telecom unit Jio has drawn strong demand for its IPO anchor book, with bids from marquee investors exceeding $25 billion ahead of its listing in India. The response underlines investor appetite for India's largest telecom operator as it moves toward one of the country's most anticipated share sales, drawing major domestic and global institutions.
Why now: Jio's IPO is one of the most anticipated listings in India and the size of the anchor book signals exceptional investor demand.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/2897518