Jio Platforms Files Final IPO Papers Ahead of October 21 Launch
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Jio Platforms is a big phone and internet company in India.
It belongs to Reliance, a large Indian business group.
Jio has filed papers for an IPO.
An IPO means a company sells shares to the public for the first time.
The IPO will open on October 21.
Jio wants to raise Rs 30,213 crore from this IPO.
This will be the biggest IPO ever in India.
All the money from the IPO will go to the company.
This is different from many other big IPOs.
In other IPOs, some money often goes to old owners.
Jio's boss is Mukesh Ambani.
His father, Dhirubhai Ambani, started the Reliance company.
People say Jio could become worth Rs 10 lakh crore.
That is a very large amount of money.
Many people are excited about this big IPO.
Vocabulary15 words
- IPO
- when a company sells shares to people for the first time
- Platforms
- a company name for a group of internet and phone services
- prospectus
- a paper that gives information about an IPO
- shares
- small parts of a company that people can buy
- crore
- a number equal to ten million, used in India
- record
- the biggest or best ever
- raise money
- to get money for a company or project
- business group
- a large company with many smaller companies inside it
- telecom
- phone and internet services
- public
- all the people, not just a few
- owners
- people who have a company
- worth
- the value or price of something
- boss
- the leader of a company
- founder
- the person who starts a company
- large amount
- a lot of something, like money
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Quiz
Answer key
1. Filing IPO papers 2. October 21 3. To the company
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Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Jio Platforms is a big phone and internet _____ in India.
It belongs to Reliance, a large Indian business _____.
Jio has filed papers for an _____.
An IPO means a company sells _____ to the public for the first time.
The IPO will open on October _____.
Jio wants to raise Rs 30,213 _____ from this IPO.
This will be the biggest IPO ever in _____.
All the money from the IPO will go to the _____.
Jio's boss is Mukesh _____.
His father, Dhirubhai Ambani, started the Reliance _____.
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