Meta- and Google-backed Jio Platforms to raise up to $3.2 billion in historic IPO in India

AI Summary

Jio Platforms plans to raise up to $3.2 billion through an IPO in India, which would be the country’s largest share sale in rupee terms. The offering would rank second by dollar value, behind Hyundai Motor’s $3.3 billion IPO in 2024.

Jio's share sale will be India's largest ever in rupee terms, and second largest in dollar terms, trailing the Hyundai Motors IPO that raised $3.3 billion in 2024.