Reliance Jio IPO worth $100 bn set for 2025, retail to debut much later

Billionaire Mukesh Ambani targets a 2025 Mumbai listing for his telecom business Jio, valued by analysts at over $100 billion, and plans to launch his retail unit’s initial public offering (IPO) much later, two people familiar with the matter said.

Reliance Industries’ boss Ambani hasn’t updated his IPO timelines after saying in 2019 that Reliance Jio and Reliance Retail would “move towards” a listing within five years.