Economy · Mumbai, India · October 20, 2026

Ambani's Jio Platforms launches what may be India's biggest IPO

Reported by 1 outlet · under-reported · first reported Oct 20, 5:53 AM ET

Mukesh Ambani's Jio Platforms, backed by Meta and Google, is launching what could be India's largest initial public offering, aiming for a valuation of about £81bn when it lists on Wednesday. The listing goes ahead despite a downturn in Indian stocks.

Why it matters

The size of the listing makes it a test of investor appetite for Indian equities during a market slump.

Background

Jio, part of Ambani's Reliance Industries group, became India's largest mobile operator with low-cost data plans. Earlier reports said the IPO drew large anchor bids.

The story so far

1. Oct 20Ambani's Jio Platforms launches what may be India's biggest IPO
2. Oct 28Jio Platforms soars 21% on debut after record IPO
3. Oct 29Jio Platforms raises $3.2 billion in India's biggest IPO
4. Nov 2Egypt raises over $650 million in Banque du Caire IPO

Follow the whole story →

Sources

• The Guardian ↗Oct 20, 5:53 AM ET

This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.

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