Jio Platforms Targets 106 Billion Dollar IPO
Indian telecom giant Jio Platforms is seeking a valuation of 106 billion dollars in what will be the country's largest initial public offering. The company plans to raise up to 3.1 billion dollars to repay debt and fund expansion.
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India's Jio Platforms is targeting a valuation of $106 billion in an upcoming IPO, aiming to raise up to $3.1 billion in the country's largest listing. Four bankers close to the transaction said on Friday that the digital giant plans to price shares between 1,065 and 1,119 rupees apiece. The offering surpasses HYUNDAI MOTOR INDIA LTD's $2.9 billion share sale from 2024.
