Scmp iconScmpOct 20, 2026

India’s record US$108b Jio IPO tests market faith as Musk rivalry heats up

The coming launch of India’s largest-ever initial public offering (IPO) will test investor confidence in the country’s leading telecoms operator, Jio Platforms, the digital arm of billionaire Mukesh Ambani’s Reliance Industries. Jio’s public share offer on Wednesday comes close on the heels of an escalating row between

India’s record US$108b Jio IPO tests market faith as Musk rivalry heats up

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