Jio IPO draft filed targeting $170 billion valuation
after close1 source ↓written by the desknot a recommendation
- and plans
- $170 billion valuation
- plans to raise
- $4.3 billion
- under new SEBI
- 2.5% dilution
Reliance Industries has initiated the Jio Platforms IPO, filing the draft red herring prospectus today. The telecom giant aims for a $170 billion valuation and plans to raise $4.3 billion through a 2.5% dilution under new SEBI rules. This IPO is set to become the largest in Indian history, surpassing LIC and Hyundai India.
Not investment advice. For informational purposes only.