Jio Platforms to launch $3.8 billion IPO on October 21, set to be India’s biggest listing: Report

Jio Platforms Ltd, the digital services arm of Reliance Industries, plans to launch its IPO on October 21, seeking to raise about $3.8 billion in what is set to be India's biggest listing. Shares are expected to list on October 28, with proceeds largely to be used to repay debt of its telecom division. The issue will surpass Hyundai Motor India's $2.9 billion listing in 2024, and the company already counts Meta and Google among its major foreign investors.