Will SpaceX's $75 billion IPO set the ball rolling for Reliance Jio and NSE listings in India?

Investment bankers suggest SpaceX's $75 billion IPO will not significantly influence the timing of Reliance Jio Platforms and NSE listings, as the latter depend primarily on Indian secondary market conditions rather than US developments. Reliance Jio is expected to be one of India's largest-ever IPOs, potentially raising up to $4 billion under a revised predominantly fresh-issue structure, surpassing Hyundai Motor India's $3.3 billion listing. NSE, which received SEBI clearance earlier this year, may file its DRHP as early as next week, marking a milestone event for Indian capital markets.