Jio Leverage Play Pops Up at SBI as India Brokers Lure IPO Bets

In a rare move for an Indian initial public offering, SBI Securities is offering a leveraged bet on the deal of Jio Platforms Ltd. — a sign of the intense...

By Rajesh Mascarenhas · Bloomberg Markets

In a rare move for an Indian initial public offering, SBI Securities is offering a leveraged bet on the deal of Jio Platforms Ltd. — a sign of the intense competition among brokerages as the excitement over the debut is building to a fever pitch.