New Delhi, Oct. 21 -- Public bidding for the $3.2 billion initial public offering (IPO) of Jio Platforms opened on Wednesday, marking the first IPO from billionaire Mukesh Ambani's Reliance conglomerate in two decades.

The Jio Platforms IPO will serve as a major test of global investor appetite for new share offerings at a time when investors have intensified their scrutiny of AI-related companies.

The IPO values Jio Platforms at up to $108.3 billion, potentially making it one of India's biggest companies by market capitalisation when trading begins on October 28.

Earlier this week, Jio Platforms allotted shares worth $853 million to global and domestic investors. Retail investors, employees and Reliance shareholders will be eligible t...