InvestorQ : Why is Mukesh Ambani of Reliance Group looking at an international IPO for Jio Platforms?
Neelam Naik made post

Why is Mukesh Ambani of Reliance Group looking at an international IPO for Jio Platforms?

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Tanu Shukla answered.
4 months ago


This is a very thoughtful action by RIL as it already has a substantial Indian customer base and by listing itself globally it could mark its impression worldwide. There will be foreign shareholders in the company and it could actually get more price of its shares in the global market.

Also, it would have been difficult for RIL to set foot in global markets if the collaboration with Facebook has not taken place. Now, they have the name of a company that is universally accepted, which means a huge customer base without too much effort on the company’s part.

If RIL lists itself in the global markets, it would be a complete departure from RIL’s core belief of enhancing the existing investor’s value. However, a global listing would provide better liquidity to absorb a listing of Jio’s size, as compared to Indian markets. Therefore, a little departure from common belief was necessary for the Jio platform.


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diksha shah answered.
4 months ago


With some marquee investors investing in Jio Platforms in last one month, Reliance Industries is most likely looking at an overseas listing for Jio Platforms. Incidentally, Jio Platforms is the digital arm of the Reliance group. In last one month, Reliance sold close to 17.2% stake in Jio Platforms to Facebook, Silver Lakes, Vista Equity, General Atlantic and KKR for a consideration of $10.2 billion. This has valued the company at closer to $63 billion even in these difficult markets. The global IPO offering is expected to happen in the next couple of years. The size of the issue and the exchange where it will be listed are yet to be finalized. Jio Platforms is a combination of all the digital properties and wireless business of the RIL group. A number of global investors including the Saudi Sovereign Fund have shown interest in taking a stake in Jio. Clearly, the company believes that an issue of that size can get better traction in the global markets.


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PK answered.
4 months ago


After bagging multi-billion dollar deals from marquee investors in the last one month, billionaire Mukesh Ambani’s Reliance Industries Ltd (RIL) will now be considering an overseas listing of Jio Platforms, said two people, requesting anonymity.
Jio Platforms houses RIL’s digital business assets, including Reliance Jio Infocomm Ltd, which in turn holds the Jio connectivity business—mobile, broadband and enterprise, besides others such as Jio Apps, tech backbone. It has also invested in other tech entities such as Haptic, Reverie, Fynd, NowFloats, Hathaway and Den Networks.
Over the past one month, Jio Platforms has raised $10.3 billion across five deals—a 9.99% stake to Facebook for $5.7 billion; 1.2% to Silverlake for $750 million; 2.3% to Vista Equity Partners for $1.5 billion, 1.34% to General Atlantic for $870 million, and a 2.32% stake in KKR for $1.5 billion.


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Mohit Goyal answered.
4 months ago


India's Internet rates are now cheapest in world, so this time Jio thinking to rock the US prices....first IPO then invest there and venture in US soon. Also seems the funds it is getting from here..are lil short to cover debts....so it will be good option for RIL to get more money into co from overseas IPO.


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Prithvi Ram answered.
4 months ago


After bagging multi-billion dollar deals from marquee investors in the last one month, billionaire Mukesh Ambani’s Reliance Industries Ltd (RIL) will now be considering an overseas listing of Jio Platforms, said two people, requesting anonymity.
Jio Platforms houses RIL’s digital business assets, including Reliance Jio Infocomm Ltd, which in turn holds the Jio connectivity business—mobile, broadband and enterprise, besides others such as Jio Apps, tech backbone. It has also invested in other tech entities such as Haptic, Reverie, Fynd, NowFloats, Hathaway and Den Networks.
Over the past one month, Jio Platforms has raised $10.3 billion across five deals—a 9.99% stake to Facebook for $5.7 billion; 1.2% to Silverlake for $750 million; 2.3% to Vista Equity Partners for $1.5 billion, 1.34% to General Atlantic for $870 million, and a 2.32% stake in KKR for $1.5 billion.