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

What happened: Jio Platforms, backed by Meta and Google, is set to raise up to $3.2 billion in an IPO in India, the country's largest share sale ever in rupee terms. Key numbers: Up to $3.2 billion raised. Second largest in dollar terms, behind Hyundai Motors' $3.3 billion IPO in 2024. Why it matters: The listing ranks as India's biggest IPO in rupee terms, signaling major scale for a Meta- and Google-backed platform.

Jio Platforms, backed by Meta and Google, is set to raise up to $3.2 billion in an IPO in India, the country's largest share sale ever in rupee terms.

The listing ranks as India's biggest IPO in rupee terms, signaling major scale for a Meta- and Google-backed platform.