Jio Platforms targets $114 bn valuation for IPO, listing likely by Oct 30

Jio Platforms is planning an initial public offering, with a potential valuation of $114 billion. The company has finished gauging demand for the offering and is set to begin meetings with potential investors to discuss valuation and pricing.

According to The Economic Times, Jio Platforms' IPO is estimated to be around $4 billion, with a price band of ₹1,150-1,220 per share. The anchor book is expected to open on October 19, followed by the public issue opening for subscription on October 21, and the issue is likely to close on October 23.

The company aims to complete the IPO formalities, including listing, by October 30. Jio Platforms had filed draft IPO papers in June and received approval from the Securities and Exchange Board of India on August 28.

Brief written by urgent.news from Business Standard IN, Investing.com, The Economic Times - Top News — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.