Reliance Jio is moving closer to its much-awaited IPO, with reports suggesting that existing investors may sell a portion of their stake through the offering. The company is expected to file listing papers soon, making it one of the most anticipated IPOs in India.
The IPO is likely to be structured as an offer-for-sale, meaning no fresh funds will be raised, but early investors like global tech and private equity firms may partially exit. The issue size is expected to be around $4 billion, with a massive valuation close to $180 billion.
With a strong subscriber base and expanding digital ecosystem, the listing could attract both domestic and global investors. If market conditions remain stable, this IPO could become the largest in India’s history.
