Reliance Jio Platforms, led by billionaire Mukesh Ambani, is reportedly preparing for an Initial Public Offering (IPO) in 2026, with an ambition to raise over $4 billion by offering approximately a 2.5% stake in the company. This potential listing is widely anticipated to be India's largest-ever IPO, potentially surpassing Hyundai Motor India's $3.3 billion IPO in 2024. Investment bank Jefferies valued Reliance Jio Platforms at $180 billion in November, suggesting that a 2.5% stake sale could fetch around $4.5 billion. The strategy to float a smaller 2.5% stake, rather than the standard 5% minimum, is reportedly to create stronger pricing momentum and demand for the shares. However, this plan is contingent on the Indian finance ministry's approval of a proposed regulatory change that would allow large companies to list a smaller percentage of their shares. Mukesh Ambani himself confirmed in August 2025 that Reliance Jio aims to list in the first half of 2026. Reports indicate that investment banks such as Morgan Stanley and Kotak Mahindra Capital are already assisting Reliance in preparing the necessary prospectus documents. The company's expansion into artificial intelligence and digital services, coupled with its robust customer base of over 500 million, positions this IPO as a significant event in India's capital markets. The final decision on the IPO structure, including whether it will involve existing shareholders selling stock or the issuance of new shares, is yet to be made.