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Jio Platforms sets price band for IPO targeting up to $3.2 billion

Reliance Industries' Jio Platforms has set a price band of ₹1,065-₹1,119 per share for an offering of up to 270 million new shares, with subscription running from October 21 to 23. At the top of that range, the IPO would value Jio at roughly $108.3 billion, up sharply from its 2020 valuation of about $65 billion when Google and Meta invested billions in the company.