Jio Platforms lowers IPO valuation amid investor skepticism
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Jio Platforms / Mukesh Ambani
India
October 14, 2026
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Read our editorial policy- Earlier version 110/15/2026, 3:40:40 AM
Jio Platforms has lowered its IPO valuation to $108 billion, down from previous expectations of over $130 billion. The company aims to raise up to 302 billion rupees to clear legacy telecom debt and fund green AI infrastructure. Investors remain divided on whether Jio should be valued as a tech company or a traditional utility provider.
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