Mmastodon BusinessFinance first seen 23 h ago, last 22 h ago, peak #3

Jio Platforms launches IPO seeking up to $3.2 billion

Original: Jio Platforms, the digital arm of Reliance Industries, is moving forward with an IPO seeking to raise up to $3.2 billion

Jio Platforms, the digital arm of India's Reliance Industries, is moving ahead with an initial public offering aiming to raise as much as $3.2 billion. The offering sets a price band of ₹1,065 to ₹1,119 per share, with up to 270 million new shares being issued. At the top of the price band, the company is expected to reach a substantial valuation, making it one of India's most closely watched listings of the moment.

Why now: One of India's biggest tech companies is launching a major share sale, drawing wide investor attention.

Jio PlatformsReliance Industries

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• Jio Platforms, the digital arm of Reliance Industries, is moving forward with an IPO seeking to raise up to $3.2 billion. The offering features a price band of ₹1,065 to ₹1,119 per share and up to 270 million new shares. At the upper end of the price band, the company is valued… · hacksgr · 1

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