Jio Platforms seeks to raise $3.2 billion through India's largest IPO
META Meta Platforms Inc
$737.54 -3.27%
View chart & analysis → - 1Jio Platforms is pursuing an IPO with a fundraising target of $3.2 billion.
- 2Jio's expected valuation is approximately 10.3 trillion rupees based on the top of the proposed price range.
- 3Subscription for Jio's 270 million new shares will take place from October 21 to 23.
So what's the key point?
Jio Platforms has decided to sell new shares to raise $3.2 billion. The company's value is estimated at approximately 10.3 trillion rupees through this share sale.
Source TechCrunch +1 · View original ↗
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