Ambani launches India's biggest IPO; Mynt boosts Philippine market

· Politics · India · Philippines

Billionaire Mukesh Ambani is launching what could be India's biggest-ever initial public offering, with low-cost broadband provider Jio Platforms aiming for a valuation of £81 billion when it floats on Wednesday, despite a stock market downturn. In the Philippines, Mynt, the parent of digital wallet GCash, went public in Manila in a record listing that analysts said could significantly raise the country's fintech profile. The two deals test investor appetite for large listings in emerging markets amid a global tech selloff.

Why it matters：Mega-listings in India and the Philippines show how emerging-market tech and telecoms are drawing global capital despite market volatility.

Key points

  • Jio Platforms targets an £81bn valuation
  • GCash parent Mynt listed in Manila
  • Both deals come amid a market downturn

Sources (original reporting)

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