OYO to file DRHP in November, targets $7-8 billion IPO valuation: Report

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Global travel tech firm OYO plans to file its Draft Red Herring Prospectus (DRHP) in November, eyeing a USD 7-8 billion valuation for its IPO, sources said.

The company is expected to approach its board with the proposal next week, people familiar with the matter told PTI.

When reached out, a company spokesperson said, “While we cannot comment on any timelines related to OYO’s DRHP or IPO related plans, since it’s a decision that will be guided by OYO’s Board of Directors and will be solely at their discretion. For now, OYO continues to evaluate a…



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OYO to file DRHP in November, targets $7-8 billion IPO valuation: Report



Global travel tech firm OYO plans to file its Draft Red Herring Prospectus (DRHP) in November, eyeing a USD 7-8 billion valuation for its IPO, sources said.

The company is expected to approach its board with the proposal next week, people familiar with the matter told PTI.

When reached out, a company spokesperson said, “While we cannot comment on any timelines related to OYO’s DRHP or IPO related plans, since it’s a decision that will be guided by OYO’s Board of Directors and will be solely at their discretion. For now, OYO continues to evaluate a…



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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