Yatra Thinks an Early 2023 India IPO Could Spur New Alliances
Skift Take
Just days after news of Oyo's hoped-for initial public offering, Yatra is confident of getting listed in the Indian bourses by March 2023. If soaring travel demand in India is the new norm, then travel businesses have a lot to cheer about.
Buoyed by the strong recovery in India's domestic travel demand, online travel company Yatra.com plans to launch its Indian initial public offering by March next year.
Aside from strengthening the company’s balance sheet, Yatra expects the offering to allow it to pursue new corporate business more aggressively.
The company, which is publicly listed on the Nasdaq in New York since December 2016, said the Indian listing would allow it to explore alliances with partners, who earlier might not have been comfortable with an overseas structure.
Yatra filed a draft red herring prospectus in March with the Indian regulatory body Securities and Exchange Board of India for a potential initial public offering wi
