HomeInvestmentOyo Negotiates With Funding Banks To Handle $ 1.5 Billion IPO: Sources

Oyo Negotiates With Funding Banks To Handle $ 1.5 Billion IPO: Sources


Oyo, backed by SoftBank, is contemplating a valuation vary of $ 14 billion to $ 16 billion, sources near the event say.

Themes
Oyo | IPO | Funding banks

Neha Alavadhi |
New Delhi

The board of Oravel Stays, Oyo’s dad or mum agency, authorized a rise within the firm’s approved share capital from the present Rs 1.17 crore to Rs 901 crore at a rare normal assembly on September 1, which reveals the rules. The modifications precede the corporate’s proposed public itemizing plans.

The corporate is predicted to unveil its draft prospectus within the coming months because it prepares to launch its preliminary public providing (IPO). The journey tech firm is predicted to lift $ 1.2 billion to $ 1.5 billion in valuing …

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First revealed: Wednesday 8 September 2021 02:59 PM IST





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