{
  "id": 12338476,
  "title": "Ambani’s Jio said to seek about $114 billion valuation in IPO",
  "url": "https://urgent.news/2026/10/06/ambanis-jio-said-to-seek-about-114-billion-valuation-in-ipo",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-06T08:11:11.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/ambanis-jio-said-to-seek-about-114-billion-valuation-in-ipo/article71550489.ece"
  },
  "original_language": "en",
  "account": "Jio Platforms Ltd., the telecom and digital services arm of Reliance Industries, is reportedly aiming for a valuation of around $114 billion in its upcoming initial public offering (IPO), according to sources familiar with the matter. This valuation is lower than earlier expectations, but still makes Jio India's third most valuable publicly traded company, trailing only behind its parent company Reliance and Bharti Airtel. The IPO is expected to open sometime in early October, with meetings with potential investors likely to begin this week. Jio has already filed its draft prospectus in June for an offering of up to 270 million new shares, which would represent about 2.93% of its post-issue equity capital. Despite earlier speculation of valuations in the range of $130 billion to $170 billion, a recent stock market downturn has impacted the pricing aspirations of several IPOs in India. If Jio's valuation ends up at $114 billion, the shares offered would be worth $3.4 billion, surpassing the amount raised by Hyundai Motor Co.'s Indian unit in 2024.",
  "summary": "The telecom and digital services arm of billionaire Mukesh Ambani’s Reliance Industries has finished gauging demand for the offering and is likely to begin meetings with potential investors this week",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Bain, GIC explore IPO or sale of Japan’s WHI at valuation of about US$3.2 billion: sources",
        "url": "https://urgent.news/2026/10/06/bain-gic-explore-ipo-or-sale-of-japans-whi-at-valuation-of-about-us-3",
        "published": "2026-10-06T10:11:46.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}