Reliance Jio IPO: Plans to Sell 2.5% Stake, Could Be India's Largest Ever

• Reliance Jio Platforms is reportedly planning an Initial Public Offering (IPO) in India this year.
• The company is considering selling approximately 2.5% stake through the IPO, potentially raising over $4 billion.
• Jio is reviewing the IPO prospectus with Morgan Stanley and Kotak, aiming for India's largest IPO to date.
• With over 500 million users, Jio's valuation was estimated at $180 billion by Jefferies in November.
• The IPO could raise around $4.5 billion based on current valuations, surpassing Hyundai Motor India's $3.3 billion IPO.

Why It Matters: Reliance Jio's potential IPO of 2.5% stake could become India's largest, raising over $4 billion.