--- title: Jio Platforms attracts more than $20B in bids ahead of... description: Jio Platforms has attracted more than $20 billion in bids for what would be India's largest ever IPO, with Fidelity, Allianz and Capital Group among interested... canonical: https://daily.dev/posts/jio-platforms-attracts-more-than-20b-in-bids-ahead-of-record-india-ipo-qhuvgoe6q twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Jio Platforms attracts more than $20B in bids ahead of record India IPO | daily.dev og:description: Jio Platforms has attracted more than $20 billion in bids for what would be India's largest ever IPO, with Fidelity, Allianz and Capital Group among interested... og:url: https://daily.dev/posts/jio-platforms-attracts-more-than-20b-in-bids-ahead-of-record-india-ipo-qhuvgoe6q og:image: https://api.daily.dev/og/posts/QhUvGOe6q.png og:image:alt: Jio Platforms attracts more than $20B in bids ahead of record India IPO og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Jio Platforms attracts more than $20B in bids ahead of record India IPO **[The Next Web](https://daily.dev/sources/tnw)** · 3 min read · 0 upvotes · 0 comments ## Summary Jio Platforms has attracted more than $20 billion in bids for what would be India's largest ever IPO, with Fidelity, Allianz and Capital Group among interested anchor investors. The company cut its valuation target to about $108 billion from a figure as high as $170 billion discussed last November, reflecting fierce competition for institutional IPO capital from SpaceX, Anthropic and OpenAI. Most proceeds will prepay external commercial debt at Reliance Jio Infocomm, while a portion will fund a planned 1,650-satellite broadband constellation. The offer is entirely new shares, with existing investors like Meta, Alphabet, Mubadala and Saudi Arabia's PIF retaining their stakes. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [Jio Platforms files for India’s largest-ever IPO, with nearly $3 billion earmarked for debt repayment](https://daily.dev/posts/jio-platforms-files-for-india-s-largest-ever-ipo-with-nearly-3-billion-earmarked-for-debt-repaymen-fs9otpixa) · The Next Web · 0 upvotes · 0 comments - [Jio files for India's biggest IPO and a Starlink rival](https://daily.dev/posts/jio-files-for-india-s-biggest-ipo-and-a-starlink-rival-btybgz665) · The Next Web · 0 upvotes · 0 comments - [Everyone wants a piece of SpaceX](https://daily.dev/posts/everyone-wants-a-piece-of-spacex-emjsuzzlj) · TechCentral · 0 upvotes · 0 comments - [India’s top telco tackles AI with $110b and proven playbook](https://daily.dev/posts/india-s-top-telco-tackles-ai-with-110b-and-proven-playbook-ct89qyzlg) · The Register · 3 upvotes · 0 comments - [Billionaire Ambani wants AI in every call, app, and home](https://daily.dev/posts/billionaire-ambani-wants-ai-in-every-call-app-and-home-xrx5sfq3p) · TechCrunch · 4 upvotes · 0 comments --- Tags: [#ipo](https://daily.dev/tags/ipo) [View this post on daily.dev](https://daily.dev/posts/jio-platforms-attracts-more-than-20b-in-bids-ahead-of-record-india-ipo-qhuvgoe6q) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Jio Platforms attracts more than $20B in bids ahead of record India IPO","url":"https://daily.dev/posts/jio-platforms-attracts-more-than-20b-in-bids-ahead-of-record-india-ipo-qhuvgoe6q","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/jio-platforms-attracts-more-than-20b-in-bids-ahead-of-record-india-ipo-qhuvgoe6q"},"datePublished":"2026-10-13T17:11:59.972Z","dateModified":"2026-10-14T21:51:21.643Z","description":"Jio Platforms has attracted more than $20 billion in bids for what would be India's largest ever IPO, with Fidelity, Allianz and Capital Group among interested...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/ba424f3b2252d16245e50a6c24e9cd9f?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/ba424f3b2252d16245e50a6c24e9cd9f?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"The Next Web","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"The Next Web","logo":"https://media.daily.dev/image/upload/t_logo,f_auto/v1/logos/tnw","url":"https://daily.dev/sources/tnw"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/jio-platforms-attracts-more-than-20b-in-bids-ahead-of-record-india-ipo-qhuvgoe6q","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":0},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"ipo","timeRequired":"PT3M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"The Next Web","item":"https://daily.dev/sources/tnw"},{"@type":"ListItem","position":3,"name":"Jio Platforms attracts more than $20B in bids ahead of record India IPO"}]} ```