Articles tagged “IPOs”

Oyo's new focus on customer support could help, but its relaxation of brand standards in the budget sector could have big reputational risks.

Shaky financial markets didn't deter Selina from debuting as a publicly traded company, taking advantage of a post-pandemic surge in youth travel. Critics pointed to its lack of profits. But fans praised the hotel brand's relentless experimentation in a sector that's often too cautious.

Today’s edition of Skift’s daily podcast looks at Dubai’s high-stakes visual marketing, an airline merger in Southern Africa, and Selina’s delayed IPO.

They did it. Despite the cratering of the stock market, Mondee went public on Nasdaq. Sure, most investors vetoed the blank check merger. But still, a win is a win — for now.

The air travel aggregator is likely to get a $1 billion valuation in a merger with a special purpose acquisition company. But its disclosures are thin, and paint something less than a picture of certain success.

Capital A is keen to push ahead with its "Hollywood" debut on the New York Stock Exchange, according to full-of-gusto CEO Tony Fernandes. Traveloka is also keen for an IPO debut in the U.S. The New York Stock Exchange is surely the place to be for Asian superapps.

One of travel's most-anticipated SPACs, Amex GBT made it official Friday. It will start trading as a public company on the Tuesday after Memorial Day, smack into a volatile market. But signs of a fast-improving business travel recovery may be what investors choose to focus on.

Some recent efforts by businesses to go public via mergers with blank check companies have stalled or fizzled. But it's a vote of confidence in Mondee that Travelport's financial sponsors, Elliott Management and Siris Capital, are reportedly putting up money to support the travel tech company in going public.

Good morning from Skift. It's Friday, March 18, in New York City. Here's what you need to know about the business of travel today.

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.