finance.yahoo.com

Meta and Google’s Jio Bet Moves Toward a $137B IPO Valuation Test

Meta Platforms (Facebook) logoMeta Platforms (Facebook)
Sig2.45Sen+0.90Env0.00Soc0.00Gov0.00
Alphabet (Google) logoAlphabet (Google)
Sig4.35Sen+1.70Env0.00Soc0.00Gov0.00

Jio Platforms, Reliance’s telecom and digital unit, is preparing a $3.8 billion IPO that could value it near $137 billion. It plans up to 270 million new shares, with most proceeds earmarked to repay or prepay about $3.3 billion of borrowings. A listing would provide a clearer benchmark for Meta’s and Alphabet’s long-held Jio stakes as pricing approaches.

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