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OYO IPO News

11 Aug 2024

OYO Raises Rs 1,457 Crore In Latest Funding Round Before Much Awaited IPO

The investment is being made through Compulsory Convertible Cumulative Preference Shares, each priced at ₹29, consistent with the valuation of the recent raise in Series G.

18 May 2024

Oyo To Refile Its IPO Papers Post-Refinancing Existing Loan

As per existing SEBI regulations, the company will need to revise its filings with the regulator.

31 Mar 2023

OYO Pre-Files Draft Paper For IPO; Likely To List Around Diwali: Sources

Explaining the rationale for filing through the pre-filing route, a source said, "The market continues to be highly volatile globally and to an extent in India as well.

03 Dec 2022

Hospitality group OYO to layoff 10% employees soon -- Details Inside

IPO-bound OYO announces job cuts by laying off hundreds of employees. The downsizing in tech is also happening in teams which were developing pilots and proof of concepts such as in-app gaming, more. OYO will downsize 10 per cent of its 3700-employee base, which includes fresh hiring of 250 members.

05 Oct 2022

IPO-bound OYO market valuation falls after investor Softbank's markdown

OYO valuation dips $6.5 billion following main investor Softbank markdown. Company's one share price falls to Rs 81 from Rs 94 by 13%. OYO has already filed preliminary papers with SEBI to raise Rs 8,430 crore via IPO.

26 Jan 2022

IPO-bound OYO gets listing approval from BSE, NSE

OYO has filed preliminary documents for a Rs 8,430 crore initial public offering (IPO). The offering will consist of a fresh issue of shares of up to Rs 7,000 crore and an offer-for-sale of as much as Rs 1,430 crore.

23 Sep 2021

Hospitality giant OYO to file for $1.2 billion IPO next week: Report

The listing plan follows a stellar debut by food delivery firm Zomato Ltd in July. Nykaa have also filed for IPO. Ride-hailing firm Ola. Oyo, in which SoftBank owns a 46% stake and is one of its biggest bets, has endured months of layoffs.

30 Jul 2021

Microsoft may invest in Oyo at over $9 billion valuation ahead of IPO

The Ritesh Agarwal-run hospitality chain has included Airbnb, Chinese ride-hailing giant Didi Chuxing and ride-hailing firm Grab as strategic investors. OYO is the first Indian startup to be publicly rated by Moody's and Fitch, two of the leading international rating agencies.

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