Jio Platforms set a Rs 1,065 to Rs 1,119 price band for up to 270 million new shares, a valuation near $108 billion at the top. No existing holder, Google and Meta included, is selling, so the October 21 offer tests demand for about 3% of the company.
Perspective Coverage
10 publishers
- Builder
- Builder 11%
- Operator
- Operator 14%
- Investor
- Investor 75%
Reality
- Evidence80
- Adoption80
- Hype gap+10
- Incentives60
- Confidence82
Jio Platforms cuts its IPO valuation to $108 billion from over $130 billion floated a year ago
Jio Platforms set its IPO price band at 1,065 to 1,119 rupees, valuing it near $108 billion against over $130 billion floated a year ago. CNBC reported pushback from investors unconvinced by its technology label.
Reality
- Evidence62
- Adoption
- Not scored
- Hype gap+20
- Incentives65
- Confidence55
Elon Musk said Starlink will be priced affordably in India, days before Jio Platforms' IPO at a $106 billion valuation target.
Perspective Coverage
3 publishers
- Builder
- Builder 7%
- Operator
- Operator 42%
- Investor
- Investor 51%
Reality
- Evidence62
- Adoption5
- Hype gap+35
- Incentives70
- Confidence68
Elon Musk accused unnamed Indian 'oligarchs' of blocking Starlink to guard a market where Jio and Airtel hold over 80% share. Both operators signed Starlink rollout deals with SpaceX last year, CNBC reported. The launch Musk wants runs through the companies he is attacking.
Perspective Coverage
12 publishers
- Builder
- Builder 20%
- Operator
- Operator 41%
- Investor
- Investor 39%
Reality
- Evidence72
- Adoption12
- Hype gap+50
- Incentives82
- Confidence68
India rejected Elon Musk's claim that Starlink is being blocked, saying Starlink and two other licensed satellite operators await the same security reviews. For anyone planning to buy Starlink through Jio or Airtel, those reviews now decide a launch date that is still unclear.
Perspective Coverage
6 publishers
- Builder
- Builder 21%
- Operator
- Operator 44%
- Investor
- Investor 35%
Reality
- Evidence72
- Adoption10
- Hype gap+40
- Incentives75
- Confidence68
Jio opens its cloud PC to every Indian internet user at $11 for two months
The service streams a virtual desktop with up to 16GB of RAM to a computer as old as eight years, which is Jio's answer to a country where PCs now last five to six years and a new one is a real expense.
Reality
- Evidence55
- Adoption12
- Hype gap+35
- Incentives65
- Confidence52