Meta- and Google-backed Jio Platforms to raise up to $3.2 billion in historic IPO in India

Jio Platforms will raise up to 302 billion rupees ($3.2 billion) through an initial public offering of shares between Oct. 21 and Oct. 23. Jio's share sale will be India's largest ever in rupee terms, but the second largest in dollar terms, trailing the Hyundai Motors IPO that raised $3.3 billion in 2024.