
Jio Platforms, India's largest digital and telecommunications company owned by Mukesh Ambani's Reliance Industries, filed its Draft Red Herring Prospectus with market regulator SEBI on June 19, 2026, seeking to raise approximately $4 billion through 270 million fresh equity shares in what would be India's largest-ever stock market listing. The implied valuation of $133 to $180 billion places Jio among the world's most valuable tech IPOs, supported by a subscriber base exceeding 524 million users. The company plans to use $3 billion of the proceeds to reduce existing debt, with a realistic listing window of August to October 2026.

World · Jun 21 · L1-L4