Oyo Takes Step Toward Initial Public Offering
Photo Credit: Oyo hired bankers in a bid to become a public company, most likely listing in India. Oyo Rooms
Skift Take
It's clear that Oyo will try to go public in some fashion. But will investors buy the story — and the shares?
Despite the ravages of the pandemic, it's long been a question of when — rather than if — Oyo would seek to go public, and now the budget hotel-room seller and operator has hired bankers to get it there.
Citing multiple sources, Money Control reported that Softbank-backed Oyo recently hired JP Morgan, Kotak Mahindra Capital and Citi for what would initially be a $1.2 billion share sale.
Oyo is leaning toward a public offering in its home base of India, according to the report. That's not surprising since Oyo
