May 27 - 14:05
Overseas IPO in the pipeline for Jio Platforms
Jio Platforms could be set for an overseas IPO. The Indian telco, a subsidiary of Reliance Industries, has opened conversations with banks regarding a possible listing. Jio made headlines recently after Facebook paid $5.7 billion for a 9.9% stake in the company. Its IPO could be held inside the next two years, although no decision has been made on timeline or size.
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