Jio Platforms IPO to raise $3.2bn, opens 21 Oct

Jio Platforms Ltd filed its red herring prospectus with the Securities and Exchange Board of India on Wednesday for an initial public offering (IPO) that is likely to raise around ₹30,200 crore, or about $3.2 billion, at the upper end of the ₹1,069-1,119 price band announced per share.

The company has not cut the number of shares on offer, with the IPO set still at 270 million new shares.