Oyo Files Paperwork for IPO That Could Value It at $12 Billion
Photo Credit: The IPO follows a wave of fundraising for the brand since its founding in 2013. Oyo
Skift Take
Now the brand is finally going public, will investors share the Indian company's enthusiasm?
Oyo has filed draft papers with the Securities and Exchange Board of India, making its long-rumored quest to go public finally official.
The offering will consist of a fresh issue of shares of up to $942.8 million, and an offer for sale of as much as $193 million, according to Reuters, with the company seeking a valuation of $10 billion to $12 billion.
The IPO follows a wave of fundraising for the brand since its founding in 2013. Softbank-backed Oyo has already raised $4.1 billion in capital since its creation. Microsoft invested $5 million in the company in August — a drop in the bucket for investme
