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Softbank-backed Oyo confidentially 'pre-files' for Indian IPO - source
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Softbank-backed Oyo confidentially 'pre-files' for Indian IPO - source
04 November 2024
Softbank-backed Indian hotel aggregator Oyo has submitted a confidential "pre-filing" document for a likely slimmed-down initial public offering, a source told Reuters on Friday.
The company initially filed to go public in 2021, aiming for an IPO size of 84.3 billion Indian rupees ($1.02 billion), but delayed the share sale at that time.
Softbank-backed Indian hotel aggregator Oyo has submitted a confidential "pre-filing" document for a likely slimmed-down initial public offering, a source told Reuters on Friday. The company initially filed to go public in 2021, aiming for an IPO size of 84.3 billion Indian rupees ($1.02 billion), but delayed the share sale at that time.
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