Jio shares surge 21% on market debut, becoming India’s No. 2 listed company
Luis Cabral ·
Jio shares surged 21% in their market debut today, making the telecom giant India’s second-most valuable listed company, according to TechCrunch. The debut underscores intense investor demand for India’s telecom and digital infrastructure exposure. It also highlights Reliance Industries’ market clout as Jio now sits just behind its parent by market value.
The blockbuster IPO has drawn heavy trading interest and sets the tone for India’s late-year listings, TechCrunch reports. Jio’s scale in mobile, fiber, and digital services is a key draw as the company eyes monetization of 5G and bundled offerings. Investors will watch first earnings milestones, tariff moves, and any guidance on capex and subscriber growth in the coming quarters.
The listing also tests global appetite for Indian mega-cap tech-adjacent assets amid volatile emerging-market inflows. All eyes turn to post-IPO stabilization, index inclusion timelines, and how valuations track against revenue growth and ARPU trends. [Developing. This article will be updated.]