Jio Platforms Raises $3.2 Billion In IPO With 21.5% Surge On Debut
Jio Platforms, the Indian telecom and digital services company backed by Reliance Industries , Meta and Google , raised $3.2 billion in its IPO at a $131 billion valuation. The company’s shares surged 21.5% on their t…
Jio Platforms, the Indian telecom and digital services company backed by Reliance Industries, Meta and Google, raised $3.2 billion in its IPO at a $131 billion valuation. The company’s shares surged 21.5% on their trading debut on October 28, 2026, giving it a market capitalization of approximately $131 billion. The IPO attracted $78 billion in demand, with anchor investors including BlackRock, Capital Group and GIC. Nomura initiated coverage with a buy rating and a target price of 1,340 rupees per share.
FOUNDER: Mukesh Ambani
INVESTORS: Reliance Industries, Meta Platforms, Google, BlackRock, Capital Group & GIC
AMOUNT: $3,200,000,000 VALUATION: $131,000,000,000
HQ: Maharashtra, India
#VentureCapital #JioPlatforms #MukeshAmbani #IPO #TradedVC
ABOUT THE DEAL
- Raise
- $3.2B
- Round
- Not stated
- Company
- Jio Platforms
- Desk
- Deals
- Filed
- Oct 28, 2026
- Founders
- Mukesh Ambani
- Investors
- Reliance Industries
- Meta Platforms
- BlackRock
- Capital Group
- GIC