Reliance Jio Launches $3.2 Billion IPO
Reliance Jio has opened public bidding for a $3.2 billion initial public offering in India. The digital arm of Reliance Industries seeks a valuation up to $108 billion. This ranks among the largest share offerings in the country's history.
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Jio Platforms opened public bidding for its $3.2B IPO on Wednesday morning in India, marking the country's largest public offering and the first from RELIANCE INDUSTRIES LIMITED in two decades. The digital arm of billionaire Mukesh Ambani’s conglomerate is targeting a valuation of up to $108.3B with shares priced at 1,065 to 1,119 rupees each. This mega-listing surpasses previous records and tests investor appetite for the nation's sprawling tech and telecom sectors.
