Oyo puts off third IPO attempt after SoftBank takes issue

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Oyo Hotels has delayed its plans to attempt an India listing in October, Bloomberg reported on Friday.

The Ritesh Agarwal-led hotels aggregator was planning to launch an initial public offering later this year. However, early investor SoftBank has disagreed with the plan, asking the company to put off the public offer till its earnings are strong, the report said citing sources.

This is a developing story.



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Oyo puts off third IPO attempt after SoftBank takes issue



Oyo Hotels has delayed its plans to attempt an India listing in October, Bloomberg reported on Friday.

The Ritesh Agarwal-led hotels aggregator was planning to launch an initial public offering later this year. However, early investor SoftBank has disagreed with the plan, asking the company to put off the public offer till its earnings are strong, the report said citing sources.

This is a developing story.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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