Hotel Chain Oyo From India Files For $1.16 Million IPO
Hotel chain Oyo from India has filed for an initial public offering in the hopes of raising $1.16 billion –83 billion rupees– with new shares worth 7 billion rupees, as per a draft submitted to the country’s market authority. The travel start-up is backed by the likes of SoftBank Vision Fund, Lightspeed Venture Partners, and Sequoia Capital India. Q2 2021 hedge fund letters, conferences and more Hotel Chain Oyo Files For IPOAccording to CNBC, existing shareholders could sell shares worth up to 14.3 billion rupees. Further, “Oyo would also consider issuing shares worth up to 14 billion rupees (...