Oyo's Pending IPO Could Be Halved or Even Scuttled
Skift Take
Oyo's potential IPO has likely run head-on into the collapse of several recent public market debuts in India with a couple of lawsuits potentially figuring into the regulator's delayed decision. Oyo will eventually go public, but that maiden public appearance likely won't resemble the initial vision.
Softbank-backed Oyo's hoped-for and much-delayed initial public offering in India could be halved in value or even withdrawn, according to a published report.
The India-based budget hotel operator and aggegator filed its IPO paperwork with India regulators in October 2021, proposing a $10 billion to $12 billion valuation, and was looking at a $9 billion valuation three months later in Januar
