A significant amount of pre-IPO shares, valued at $69 billion, will become available for trading soon. Lock-in periods for shares in 87 companies are expiring over the next three months. This could lead to increased supply in the market. Some companies have already seen their shares unlocked.
Jio tells bankers it may file IPO prospectus as early as March
Reliance Industries is preparing for a massive IPO of its telecom arm, Jio Platforms. The company plans to file initial documents by the end of