Reliance Jio Platforms plans 2.5% IPO this year, could be biggest ever in India

Reliance Jio Platforms is planning to sell 2.5% of its shares through an upcoming initial public offering (IPO) this year. According to a report, this could become India’s largest-ever IPO, raising more than $4 billion.

In November, investment bank Jefferies estimated Jio’s valuation at $180 billion. At this valuation, selling a 2.5% stake would raise about $4.5 billion. This would be bigger than Hyundai Motor India’s $3.3 billion IPO in 2024.