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Jio Platforms, backed by Meta and Google, is set to raise up to $3.2 billion in an IPO later this month that would be India's largest share sale in rupee terms and the second-largest in dollar terms, trailing Hyundai Motors' $3.3 billion 2024 listing. The offering is a landmark moment for Mukesh Ambani's telecom and digital conglomerate. The IPO is drawing scrutiny partly because of a public spat involving Elon Musk, with reports suggesting the dispute could create a valuation reality check for the mega-offering as investors weigh competitive dynamics between Jio and Musk-linked satellite and telecom ventures in India.