Jio targets $107 billion valuation in India's largest IPO
Jio Platforms aimed to list at a valuation of about $107 billion in what would be India's largest initial public offering, the Financial Times reported. The company entered the market amid a stock downturn, stronger competition and pressure from Elon Musk, according to the RSS blurb. Pricing details were not provided there.
Why it matters
Jio's reception will test investor appetite for a huge technology listing during a weaker market cycle.
Sources
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Part of the October 20, 2026 brief.