IPO▲ Bullish for Jio
Jio Platforms targets $114 billion valuation; IPO timing reports differ
The brief
- Jio Platforms is targeting a valuation of about $114 billion
- One report says listing is likely by Oct 30; another cites an Oct 21-23 IPO window
- The company has finished gauging demand and is expected to meet potential investors
- The valuation and listing could affect Reliance Industries shareholders and telecom-sector sentiment
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- India telecom sector may see 12-15% tariff hike in next 4-5 months: Report
- Reliance Jio JE6000 – AX3000 Wi-Fi Extender Launched in India
Jio Platforms’ planned IPO
Jio Platforms is targeting an October 21 IPO that could raise $3.8 billion, with reports citing a valuation of $143–146 billion and a proposed issue of 27 crore shares. IPO proceeds are expected largely to repay debt owed by Jio’s telecoms division.
Tuesday, 6 October
- Jio Platforms targets $114 billion valuation; IPO timing reports differ