Reliance Jio Plans Record Four Billion Dollar Indian IPO
Reliance Jio Platforms is preparing for a four billion dollar stock offering that could be India's largest IPO. The firm eyes a 180 billion dollar valuation.
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Reliance Jio Platforms, the AI-to-telecoms conglomerate led by Mukesh Ambani, is moving toward a stock offering in India that is expected to set a new record for the country's capital markets. While final figures remain under discussion, investment bank Jefferies has valued the platform at $180 billion, and market sources indicate the IPO could reach $4 billion.
