Jio becomes 4th company globally to hit $100 billion IPO valuation

Jio Platforms has become the fourth company, after Meta, Alibaba and SpaceX, to cross a $100 billion valuation at the time of its IPO. It made a strong stock market debut on Wednesday, emerging as India's second most valuable listed company. Its shares listed at ₹1,358 each, a 21.4% premium. This took its market capitalisation to ₹12.6 lakh crore.