OYO Eyes $8 Billion Valuation With November IPO Move
OYO aims to leverage a 172% net profit increase and 20% revenue growth to attract investors in its third IPO attempt, targeting a $7-8 billion valuation.
- OYO, the global travel technology company, intends to submit its preliminary IPO documentation by November, targeting a valuation between $7 billion and $8 billion.
- This move follows recent ramped-up discussions with major banking partners and efforts by CEO Ritesh Agarwal to rename the parent entity earlier this year.
- The prospective filing will highlight OYO's latest Q1 financial results, reflecting a double-digit growth quarter amid strong hospitality industry tailwinds.
- Valuation guidance estimates $7-8 billion, around 70 rupees per share, potentially 25-30 times EBITDA, while SoftBank remains a key shareholder engaged in market sentiment assessments.
- OYO will approach its board next week to finalize strategic details, with ongoing brand identity and app launches planned for its premium hotel portfolio.
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OYO Eyes $8 Billion Valuation With November IPO Move
OYO plans to file its Draft Red Herring Prospectus in November, targeting a $7-8 billion valuation. The decision will be guided by its board, as the company evaluates strategic options. Discussions with banking partners and SoftBank are ongoing, focusing on financial performance and market expansion.
·India
Read Full ArticleOYO to file DRHP in Nov, eyes $7-8 bn IPO valuation
Global travel tech firm OYO plans to file its Draft Red Herring Prospectus (DRHP) in November, eyeing a $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.
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