Jio Delays IPO, Focuses on Growth

  Published 1 year ago

Reliance Jio postpones its $100B+ IPO, aiming to grow revenue and digital services before entering public markets.

  • Jio seeks higher maturity, subscriber growth, and stronger digital expansion before IPO; bankers not yet appointed.
  • Reliance shares fell 1.2%, dragging markets; Jio faces Starlink rivalry and telecom churn post price hikes.
  • Jefferies values Jio at $136B; retail IPO also delayed to 2027–28 amid operational issues and shifting priorities.

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