OYO IPO soon? Company plans November DRHP filing, aims for $7–8 billion valuation for its offering

OYO IPO soon? Company plans November DRHP filing, aims for –8 billion valuation for its offering



OYO is preparing to file its DRHP in November, aiming for a $7-8 billion IPO valuation, approximately 25-30 times its EBITDA. SoftBank, a major shareholder, is confident after gauging market sentiment and plans to highlight OYO’s strong Q1 performance. The company is also considering a new parent brand identity and a separate app for its premium hotels.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *