India’s Oyo Mulls Cutting IPO Size Amid Tech Headwinds – Bloomberg News

BENGALURU (Reuters) – 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 file a fresh IPO document as soon as this week, Bloomberg reported.

Oyo did not immediately respond to Reuters’ request for comment.

(Reporting by Varun Vyas in Bengaluru)

India’s Oyo Mulls Cutting IPO Size Amid Tech Headwinds – Bloomberg News

Read Next

Russia or Ukraine… Who benefits and who loses from the collapse of the Nova Kakhovka dam? also know the reason

Zelenskiy Visits Flood-Stricken Southern Ukraine to Assess Scale of Disaster

EU Launches 8.1 Billion Euro Microelectronics Projects With 56 Companies

Pat Robertson dies at 93; Founded Christian Broadcasting Network, Christian Coalition

It’s ‘Groundhog Day’ Again as ‘Existential’ Musical Comedy Returns to the London Stage

US FAA Halts Some Flights to New York, Says Wildfires Hurting Visibility

Britain Steps Up Sanctions Against Belarus For Its Support Of Russia

Will Imran expel Shah Mehmood Qureshi from the party? Know what is the anger of ‘Taliban Khan’

In response to ‘Akhand Bharat’ now came the map of ‘Greater Nepal’, Yogi’s Gorakhpur and Nitish’s Hajipur, all in scope

New Approach to Transplants Could Boost Supply of Donor Hearts

Russia or Ukraine… Who benefits and who loses from the collapse of the Nova Kakhovka dam? also know the reason

Zelenskiy Visits Flood-Stricken Southern Ukraine to Assess Scale of Disaster

EU Launches 8.1 Billion Euro Microelectronics Projects With 56 Companies

Pat Robertson dies at 93; Founded Christian Broadcasting Network, Christian Coalition

It’s ‘Groundhog Day’ Again as ‘Existential’ Musical Comedy Returns to the London Stage

US FAA Halts Some Flights to New York, Says Wildfires Hurting Visibility

Britain Steps Up Sanctions Against Belarus For Its Support Of Russia

Will Imran expel Shah Mehmood Qureshi from the party? Know what is the anger of ‘Taliban Khan’

In response to ‘Akhand Bharat’ now came the map of ‘Greater Nepal’, Yogi’s Gorakhpur and Nitish’s Hajipur, all in scope

New Approach to Transplants Could Boost Supply of Donor Hearts

Read Next

Russia or Ukraine… Who benefits and who loses from the collapse of the Nova Kakhovka dam? also know the reason

Zelenskiy Visits Flood-Stricken Southern Ukraine to Assess Scale of Disaster

EU Launches 8.1 Billion Euro Microelectronics Projects With 56 Companies

Pat Robertson dies at 93; Founded Christian Broadcasting Network, Christian Coalition

It’s ‘Groundhog Day’ Again as ‘Existential’ Musical Comedy Returns to the London Stage

US FAA Halts Some Flights to New York, Says Wildfires Hurting Visibility

Britain Steps Up Sanctions Against Belarus For Its Support Of Russia

Will Imran expel Shah Mehmood Qureshi from the party? Know what is the anger of ‘Taliban Khan’

In response to ‘Akhand Bharat’ now came the map of ‘Greater Nepal’, Yogi’s Gorakhpur and Nitish’s Hajipur, all in scope

New Approach to Transplants Could Boost Supply of Donor Hearts

UBON introduces new wireless neckband, will give 45 hours of playtime, equipped with game changer features

Pakistan's bowler made Dhoni's team cry, Pollard was also hit for 3 consecutive sixes, now anonymous!

Related Articles