Reliance Jio IPO: All Eyes on Massive Public Issue with 2.5% Stake

• Reliance Jio Platforms is reportedly planning a major IPO on the domestic stock market this year, offering approximately a 2.5% stake.
• The IPO could become one of India's largest, potentially raising over $4 billion, surpassing Hyundai Motor India's $3.3 billion IPO.
• Jio is consulting with leading investment banks like Morgan Stanley and Kotak Mahindra Capital for the public issue.
• With over 500 million subscribers, Reliance Jio's valuation was estimated at $180 billion by Jefferies last November, with some bankers suggesting up to $240 billion.
• The company's expansion into digital services, cloud, data centers, and AI has attracted significant investments from KKR, General Atlantic, Silver Lake, and Abu Dhabi Investment Authority.

Why It Matters: Reliance Jio's potential IPO, offering a 2.5% stake, could be India's largest, raising billions.