Reliance Jio IPO: Listing likely in 2025 at $112 billion valuation, says Jefferies

While billionaire Mukesh Ambani is yet to spill the beans, investors are seeing a telecom tariff hike as a sign of the much-awaited Reliance Jio IPO coming closer. Global investment banking firm Jefferies believes that the big-bang listing could be in 2025 at a valuation of $112 billion.

“Jio leading the way in the recent tariff hikes unlike in the past while keeping feature phone tariffs unchanged shows focus on monetization and subscriber market share gains. These moves create a case for a possible public listing in CY25 in our view,” said Bhaskar Chakraborty of Jefferies.