The company's valuation may face a "reality check" due to an ongoing dispute between Ambani and Elon Musk, according to a newsletter from CNBC. The listing marks a major capital raise for the venture, which has already established its price band to attract institutional and retail investors.
Tuesday, October 20, 2026
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Jio Targets $3.2B in India's Largest IPO
Tech6 days ago
Mukesh Ambani's telecom unit has finalized the pricing terms for its debut on the public markets. Jio Platforms aims to raise as much as $3.2B in what would be the largest share sale in the history of India, valuing the company at as much as $108.3B. The offering opens for subscriptions on October 21 and closes on October 23.
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