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Oyo Delays Third IPO as SoftBank Resists Move
Mint Mumbai
|May 03, 2025
Oyo is delaying its third IPO attempt amid opposition from its largest shareholder SoftBank and market volatility, now aiming to go public by March 2026 at a valuation of $7 billion, Bloomberg News reported on Friday.
SoftBank does not favor Oyo's plan to list in October, and has pressed the company to hold off on a public offering until its earnings are stronger, people familiar with the matter told Bloomberg News, asking not to be identified. Oyo did not reply to a Reuters request for comment.
This story is from the May 03, 2025 edition of Mint Mumbai.
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