Is it the weak IPO market sentiment or the higher valuation expectations that are delaying the much-awaited Jio IPO?
I saw a tweet where it was shown how new x accounts with 0 followings & activity are used to post on JIO IPO. I’m not seeing the tweet now.
They are just marketing aggressive in X, just creating a buzz before the launch.
Even I was wondering, why the delay in the JIO IPO ? then I learned that Companies like Facebook owns significant portion in JIO and doesn’t want to sell their part of the ownership stake to the public.
wow thats something new
What you think, will it go for OFS or a fresh issue?
Perhaps only a fresh issue is good from a USDINR perspective.
Bharti Airtel is at a 120 billion USD valuation. If Jio Platforms is at that number or at a slight premium, then this OFS alone would have been about 3-4 billion USD of outgo. For context, the total FPI selling in April was 6.5 billion USD.
Definitely, The real test begins once the lock-in periods start expiring. At that stage, we could either see heavy profit booking from early investors or, if the company continues to execute well, it could go on to make new highs despite the additional supply.
That ipo can be a game changer for the current ipo market
Couldn’t Indian held shares be offered in OFS?
Indian held shares = RIL’s shares. Don’t think RIL needs more funds on its balance sheet. They are sitting on FDs alone worth 80k crores for the last FY. Cash deployed in other treasury ops will be yet more.
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