Overview
- Reliance Jio Platforms is working with Morgan Stanley and Kotak Mahindra Capital on IPO documents, according to Reuters.
- At a Jefferies valuation of about $180 billion, selling 2.5% would raise roughly $4–4.5 billion, which would top Hyundai Motor India’s $3.3 billion IPO.
- The company is aiming to list in the first half of 2026, a timeline Mukesh Ambani previously set at Reliance’s 2025 AGM.
- Bankers have pitched valuations as high as $200–240 billion and the mix between an offer-for-sale and new shares has not been decided, per reports.
- Jio’s 500 million-plus user base and push into digital services and AI underpin investor interest, with early backers potentially seeking exits through the IPO.