Oyo Looks to Finally Go Public Early Next Year: Sources
Skift Take
Even as Oyo continues to remain tight-lipped about the initial public offering, the long-awaited IPO looks to be on.
India-based hospitality platform Oyo has finally reported a positive earnings before interest, taxes, depreciation, and amortization quarter for the period ending June 30, as it prepares for an initial public offering ( IPO) launch by the end of this year or early next year.
Having reported a $1 million in earnings before interest, taxes, depreciation, and amortization in its fiscal 2023 first quarter, Oyo is looking to launch its initial public offering either by the end of this year or early next year, sources close to the company revealed to Skift.
The hospitality platform’s strong foothold in its core markets of India and South A
