Jio Platforms, the digital arm of Reliance Industries, is launching a $3.2B IPO that could become India's largest, valuing the telecom giant at up to $108.3 billion. The offering, priced at ₹1,065–₹1,119 per share, will open for subscription on October 21 and test investor appetite for a company that attracted over $20B from Google and Meta in 2020.
Background
Jio has grown into India's largest telecom operator since its 2016 launch, with over 524 million subscribers. It previously raised over $20 billion in private funding from global tech giants including Meta and Google.
- Source
- TechCrunch
- Published
- Oct 15, 2026 at 05:48 AM
- Score
- 7.0 / 10