Oyo parent Prism makes confidential filing for IPO

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Prism, the parent company of hospitality brand Oyo, has filed confidential papers for its initial public offering (IPO) in what is its third attempt at going public, people aware of the matter said.

The company had earlier this month secured a shareholders nod to raise up to Rs 6,650 crore (around $740 million) in primary capital via the IPO.

Its first IPO application in 2021 with the stock market regulator was returned in January 2023, following which it made a revised filing for a significantly smaller IPO.

Originally, the Gurugram-based company had…



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Oyo parent Prism makes confidential filing for IPO



Prism, the parent company of hospitality brand Oyo, has filed confidential papers for its initial public offering (IPO) in what is its third attempt at going public, people aware of the matter said.

The company had earlier this month secured a shareholders nod to raise up to Rs 6,650 crore (around $740 million) in primary capital via the IPO.

Its first IPO application in 2021 with the stock market regulator was returned in January 2023, following which it made a revised filing for a significantly smaller IPO.

Originally, the Gurugram-based company had…



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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