India’s richest man Mukesh Ambani may soon be successful in listing his four-year-old telecom venture Jio in foreign exchanges thanks to the $12.5 billion (Rs 92,202 crore) funding the company has raised in a little over one and a half months from Facebook and other investors.
Analysts are looking at a Jio IPO listing sometime next year, which may quickly lead to a jump in its valuation to a $100-billion company and give existing investors more muscle.
“The second round of investment by US-based Silver Lake is particularly pointing towards its ambitions of a global IPO especially when we look at the kind of success the PE group had with Alibaba in 2014. More importantly, it brings Jio deep technology understanding incumbents and new-age industries like e-commerce and sharing economy,” Sanchit Vir Gogia, CEO and Founder of Greyhound Research wrote in a note.
P.S.: For more information on the recent investments, value that each investor brings to Jio Platforms, engagement with Microsoft, impact on Bharti Airtel, and the challenges the company can expect, read this research report by Greyhound Research.
Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Research, a Global, Award-Winning, Technology & Innovation Research & Advisory firm. To read more about him, click here.
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