Summary: Reliance Jio’s IPO could be India’s largest, with an offer size of up to US$6.5 billion based on a US$120 billion to US$145 billion valuation. The IPO proceeds will support Jio’s expansion into India’s fixed-broadband market, AI development, and international revenue diversification. Jio’s unmatched scale, annual Ebitda growth of about 20%, and market leadership position it for a premium valuation.

Link: https://www.theedgesingapore.com/news/ipo/jios-ipo-could-be-record-breaker-india-says-bloomberg-intelligence