When is Jio Platforms' IPO expected?

Jio Platforms' IPO is expected to take place in the next few months, pending regulatory approval.

What is the estimated valuation for Jio Platforms' IPO?

Market analysts estimate Jio Platforms' valuation for its IPO to be between $133 billion and $180 billion.

Who are the lead bankers for Jio Platforms' IPO?

Morgan Stanley and Goldman Sachs have been narrowed down as the lead bankers for Jio Platforms' upcoming IPO.

Home / Business and Economy / Jio IPO Gears Up: $180B Valuation Eyed

Jio IPO Gears Up: $180B Valuation Eyed

21 Jan

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Summary

Jio Platforms' IPO is reportedly set to value the company at $180 billion.
Key global investors like Google and Meta are expected to retain their stakes.
The IPO awaits finance ministry clearance for a 2.5% public float rule.

Jio Platforms is reportedly making significant strides towards its Initial Public Offering (IPO), with investment banks Morgan Stanley and Goldman Sachs identified as lead advisors. Market analysts project a substantial valuation for the telecom giant, potentially reaching $180 billion.

The company, a key unit of Reliance Industries, is awaiting regulatory approval before filing its draft red herring prospectus. A crucial aspect is the finance ministry's decision on a proposal by the Securities and Exchange Board of India (SEBI) to permit a 2.5% public float for mega IPOs.