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The company, valued by analysts at more than $100 billion, is launching the IPO as it believes it has achieved stable business and revenue flow by becoming India's top telco with 479 million subscribers. However, no internal decision has been taken yet on its evaluation.
Billionaire Mukesh Ambani is planning an initial public offering (IPO) for his telecom business Jio in 2025. This is very important news for the Indian industry. This information has been revealed by news agency Reuters quoting unknown sources. Much later, IPO will be brought for Reliance Retail also. It is expected that this could be India's biggest IPO till date. This IPO will surpass Hyundai India's record $3.3 billion IPO of this year i.e. 2024.
Potential valuation of Jio
According to the report, the company valued at over $100 billion by analysts is going for the IPO as it believes it has achieved stable business and revenue flow by becoming India's top telco with 479 million subscribers. Although no internal decision has been taken yet on its valuation, investment bank Jefferies had estimated its valuation at $112 billion in July this year.
The development comes at a time when Reliance Jio will compete with Elon Musk's Starlink internet service when launched in India. Earlier, Ambani had collectively raised $25 billion from investors like KKR, General Atlantic and Abu Dhabi Investment Authority for his digital, telecom and retail businesses.
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