{
  "id": 14585030,
  "title": "Meta- and Google-backed Jio Platforms to raise up to $3.2 billion in historic IPO in India",
  "url": "https://urgent.news/2026/10/15/meta-and-google-backed-jio-platforms-to-raise-up-to-3-2-billion-in",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-15T01:56:53.000Z",
  "source": {
    "name": "CNBC",
    "slug": "cnbc",
    "url": "https://www.cnbc.com/2026/10/15/jio-ipo-meta-google-ambani-musk.html"
  },
  "original_language": "en",
  "account": null,
  "summary": "Jio Platforms, the digital arm of Reliance Industries, is seeking to raise up to $3.2 billion in an initial public offering. TechCrunch reports the company is offering up to 270 million new shares with a price band of ₹1,065 to ₹1,119 per share. The offering is scheduled to open for subscription on October 21 and close on October 23, with anchor investor bidding set for October 19.\n\nThe IPO could value the group at approximately $108.3 billion at the upper end of the price range. CNBC and CNBC World report that the sale will be India's largest ever in rupee terms. In dollar terms, the offering would be the second largest in the country, trailing the $3.3 billion Hyundai Motors IPO from 2024.\n\nJio Platforms previously attracted more than $20 billion from global investors in 2020, including a $5.7 billion investment from Meta and $4.5 billion from Google. TechCrunch notes that as of March 31, the company has grown to become India's largest telecom operator with more than 524 million subscribers.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "Business Standard IN",
        "title": "Jio Platforms set to bring India's biggest IPO on Oct 21, seeks ₹30,213 cr",
        "url": "https://urgent.news/2026/10/14/jio-platforms-set-to-bring-indias-biggest-ipo-on-oct-21-seeks-30-213",
        "published": "2026-10-14T19:26:31.000Z"
      },
      {
        "outlet": "TechCrunch",
        "title": "Ambani’s Jio seeks to raise $3.2B in what could be India’s biggest IPO",
        "url": "https://urgent.news/2026/10/14/ambanis-jio-seeks-to-raise-3-2b-in-what-could-be-indias-biggest-ipo",
        "published": "2026-10-14T21:48:20.000Z"
      },
      {
        "outlet": "Techmeme",
        "title": "Jio Platforms seeks to raise up to $3.2B in India's largest IPO, which would value it at as much as $108.3B; the offering opens October 21 and closes October 23 (Reuters)",
        "url": "https://urgent.news/2026/10/14/jio-platforms-seeks-to-raise-up-to-3-2b-in-indias-largest-ipo-which",
        "published": "2026-10-14T23:15:00.000Z"
      },
      {
        "outlet": "CNBC World",
        "title": "Meta- and Google-backed Jio Platforms to raise up to $3.2 billion in historic IPO in India",
        "url": "https://urgent.news/2026/10/15/meta-and-google-backed-jio-platforms-to-raise-up-to-3-2-billion-in-14585058",
        "published": "2026-10-15T01:56:53.000Z"
      }
    ]
  },
  "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."
}