Jio IPO attracts $20 billion bids from Fidelity, Allianz, Capital Group

Jio Platforms' proposed IPO has attracted over $20 billion in bids from global investors including Fidelity, Allianz, and Capital Group. The offering targets a valuation of up to $108 billion and could be India's largest-ever IPO. Anchor investor finalisation is underway. Akash Ambani has been leading investor meetings in Hong Kong, London, and New York.