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Articles tagged “ipo”

Online Travel

Chinese Hotel Firm Rakes in Six-Fold Return as It Sells Minor Stake in Oyo

Not a bad payday, considering the partial exit yields a substantial six-fold return for H World Group. However, the heightened scrutiny on startup valuations has kept a lid on gains for Oyo.

Peden Doma Bhutia | 11 months ago

Chinese Hotel Firm Rakes in Six-Fold Return as It Sells Minor Stake in Oyo

Airlines

Virgin Australia Prepares for $665 Million Relisting in November

A re-listing on the Australian stock exchange is a sign of the rebound in travel for the country's second largest airline.

Reuters | 12 months ago

Virgin Australia Prepares for $665 Million Relisting in November

Hotels

Oyo Outlook Stable on Emerging Profit for Hotels and Rentals

Take that money, watch it burn? Rating agency Moody's cautioned Oyo that it should instead consider sinking in the river the lessons it's learned about profitability.

Peden Doma Bhutia | 12 months ago

Oyo Outlook Stable on Emerging Profit for Hotels and Rentals

News Blog

Saudi Arabia’s Red Sea Global Mulls 2026 Public Market Offering

Red Sea Global, a company fully owned by Saudi Arabia’s Public Investment Fund, is exploring the possibility of a public market offering, with plans to launch as early as 2026. The company is currently examining various options for a public market event, including an initial public offering or the establishment of a real estate investment…

Peden Doma Bhutia | 12 months ago

Tourism

Skift India Daily: EbixCash Gets Regulatory Nod for Long-Anticipated $732 Million IPO 

Despite being embroiled in legal tussles related to acquisitions, EbixCash made its way to the market by generating relatively stable revenues and profits within the high-growth Indian economy.

Amrita Ghosh | 1 year ago

Skift India Daily: EbixCash Gets Regulatory Nod for Long-Anticipated $732 Million IPO 

Ground Transport

Saudi Arabia’s Seera Seeks IPO for Car Rental Firm Lumi

With financial recovery under way, parent Seera Group believes now is the right moment for an initial public offering for its auto rentals division.

Hadeel Al Sayegh, Reuters | 1 year ago

Saudi Arabia’s Seera Seeks IPO for Car Rental Firm Lumi

News Blog

Marriott’s India Operator Samhi Hotels Refiles Draft Papers, Cuts IPO Size

India-based hotel ownership and asset management platform Samhi Hotels has refiled draft papers with the Indian stock market regulator Securities and Exchange Board of India (SEBI) to raise an initial public offering (IPO) of around $120 million. The Goldman Sachs-backed company that operates hotel chains like Marriott, Hyatt and IHG in India, had earlier filed…

Peden Doma Bhutia | 1 year ago

Online Travel

Oyo Cuts IPO Size Nearly in Half to $600 Million, Aiming for November Listing

A cut in IPO size to almost half may be significant, but the confidential pre-filing route provides some flexibility to Oyo. However, the market conditions will determine to a large extent if the hospitality company is able to make the most of it.

Peden Doma Bhutia | 1 year ago

Oyo Cuts IPO Size Nearly in Half to $600 Million, Aiming for November Listing

Tourism

Skift India Daily: Oyo Reportedly Ready to Slash IPO Size Even Further

Given the lackluster performance of several recent public market debuts in India and volatile market conditions, the Oyo IPO size coming down might be a strategic decision.

Amrita Ghosh | 1 year ago

Skift India Daily: Oyo Reportedly Ready to Slash IPO Size Even Further

Online Travel

India’s Yatra Awaits Stronger Investor Confidence Before IPO Launch

Three months ago, Yatra may have been hopeful of launching its Indian IPO by March. However, it appears the online travel company would rather wait for the market to strengthen and investor confidence to return to ensure a successful launch.

Peden Doma Bhutia | 1 year ago

India’s Yatra Awaits Stronger Investor Confidence Before IPO Launch