Markets·October 19, 2026 at 8:33 PM EDT·2 sources
Ambani looks to pull off India’s biggest IPO
ipo, log scale$107B
$100M$1B$10B$100B
What happened
- Jio Platforms aims to list at a $107bn valuation.
- The planned IPO comes amid a stock market downturn, tougher competition and goading from Elon Musk.
Target valuation
$107bn
Why it matters
The listing would be a major equity-capital-markets transaction in India, with valuation and market conditions central to execution. Competition and external pressure may affect investor appetite.
Deal terms
ipo
Jio Platforms
Value
$107B
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Timeline
- First reported by Financial TimesOct 20Ambani looks to pull off India’s biggest IPO
- CNBC reportsOct 20BlackRock, GIC among investors chasing Indian telecom major Jio's IPO as anchor bids top $26 billion
Who is involved
Ambani looks to pull off India’s biggest IPOJio PlatformstargetAmbaniElon Musk
CompanyPerson
Sources (2)
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