** Jio Platforms IPO Update** **Transaction Overview** Jio Platforms has advanced its listing plans by reportedly shortlisting **Morgan Stanley** and **Goldman Sachs** as lead bankers. The projected valuation for the entity is estimated between **$133 billion and $182 billion**. **Structural & Regulatory Context** * **Public Float:** The timeline is currently awaiting clearance from the Ministry of Finance regarding a reduced **2.5% public float** requirement applicable to mega-IPOs. * **Offering Type:** The IPO is expected to comprise a split between primary capital raising and secondary share sales. **Stakeholder Position** Key strategic investors, including **Google** and **Meta**, are expected to hold their positions and retain their stakes through the listing process.