Reliance reverses Jio Platforms IPO plan for new share issuance
Updated
Updated · Bloomberg · May 11
Reliance reverses Jio Platforms IPO plan for new share issuance
14 articles · Updated · Bloomberg · May 11
The change could reshape what may become India’s biggest-ever listing, with Mukesh Ambani’s group dropping a structure centred on sales by existing investors.
The reported U-turn followed pressure from some Jio shareholders for a higher price band, while Reliance preferred a lower valuation to reduce the risk of listing-day losses for retail investors.
A primary issuance would raise fresh capital for Jio Platforms and marks a significant shift in how Reliance plans to bring its telecom and digital unit to market.
Is Jio's IPO pivot for retail investors, or to fund its ambitious AI and 6G future?
Can Jio's IPO justify its massive valuation with a lagging user revenue and unmonetized 5G network?