Jio's listing ignites India's IPO market: $4.8 billion raised in October sets a record, topping the global rankings.

Zhito Finance APP has learned that driven by the large-scale listing of Jio Platforms Ltd., India's initial public offering (IPO) fundraising in October set a historical record and jumped to the top of the global IPO market. Data shows that Indian companies raised a total of approximately 455 billion Indian rupees (about US$4.8 billion) through IPOs in October, the highest monthly level in the country's history. This scale put India ahead of the United States and Hong Kong, China in Octoberas of Thursday, U.S. IPO fundraising in October was US$2.1 billion, and Hong Kong, China was US$1.5 billion.