Reliance Jio appoints 17 banks for upcoming IPO
after close1 source ↓written by the desknot a recommendation
- to manage
- 17 investment banks
Reliance Jio Platforms has appointed 17 investment banks to manage its upcoming IPO, which is expected to be structured entirely as an offer-for-sale (OFS). This means no fresh capital will be raised, as existing investors will sell their stakes. The IPO is anticipated to launch later this year, with a draft prospectus possibly filed by March.
Not investment advice. For informational purposes only.