Jio Platforms IPO Tests Its $108 Billion Tech Ambitions

Jio Platforms is preparing for what could become India’s largest initial public offering (IPO), but the company’s ambitions to be valued as a global technology business are facing scrutiny from investors. The digital arm of billionaire Mukesh Ambani’s Reliance Industries plans to raise up to $3.2 billion, testing public-market appetite for a company that has grown into India’s largest telecom operator while expanding into digital services and emerging technologies.