Jio Platforms, India's largest telecom operator, is set to launch its IPO next week, aiming to raise nearly $3.2 billion with a valuation around $108 billion, down from over $130 billion last year. The company seeks to reposition itself as a tech giant beyond telecom, planning investments in AI infrastructure and satellite communications. However, investor skepticism remains due to Jio's current telecom-focused revenue and competition from Bharti Airtel. The IPO proceeds will primarily be used to pay off legacy telecom debt, enabling Jio to fund its next growth phase. The outcome will test Jio's ability to convince public shareholders of its tech ambitions amid growing market challenges.
Jio Platforms' upcoming IPO is the focus, with Pluang's Technology sector showing 30 of 150 US stocks rising and 118 falling as of Oct 15, 2026 05:41 WIB. FIRY declined by 11.24% to USD 11.02 with a typical hold time of 13 days. CLS traded at USD 318.20, down 10.98%, but saw 100% buy orders and a 32-day hold time on Pluang.
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