India's Oyo mulls cutting IPO size amid tech headwinds - Bloomberg News

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BENGALURU : Softbank-backed Indian hotel aggregator Oyo Hotels and Homes Pvt Ltd is cutting the shares it planned to sell via an initial public offering (IPO) by about two-thirds as tech valuations plunged, Bloomberg News reported on Monday, citing people aware of the matter. The company is preparing to f

BENGALURU : Softbank-backed Indian hotel aggregator Oyo Hotels and Homes Pvt Ltd is cutting the shares it planned to sell via an initial public offering by about

two-thirds as tech valuations plunged, Bloomberg News reported on Monday, citing people aware of the matter.Oyo did not immediately respond to Reuters' request for comment.

Source: News Formal (newsformal.com)

 

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