Market Chatter: BlackRock Among Anchor Investors in Jio Platforms' $3.2 Billion IPO

MT newswire2026/10/19 18:21

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02:21 PM EDT, 10/19/2026 (MT Newswires) -- BlackRock (BLK) is among investors taking anchor stakes in Jio Platforms' $3.2 billion initial public offering, Bloomberg reported Monday. Investment bankers allocated 72.47 million shares to anchor investors at 1,119 Indian rupees ($11.79) apiece, raising 81.1 billion rupees, according to an exchange filing cited by Bloomberg. Jio, the telecom and digital services arm of Reliance Industries, is offering as many as 270 million shares at 1,065 rupees to 1,119 rupees apiece, seeking to raise up to 302 billion rupees at a valuation of as much as 10.3 trillion rupees, the report added. BlackRock did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.) Price: 1126.44, Change: -7.94, Percent Change: -0.70

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Goldman Sachs strategists have lowered their 12-month target for South Korea's KOSPI Index from 12,000 points to 9,000 points, representing a 25% decrease. Earlier this year, Goldman had raised the target multiple times. The latest downgrade is due to mounting concerns in the market over artificial intelligence (AI) trading.

智通财经•2026/10/25 10:51