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SoftBank-Backed Indian Startup OYO Revives IPO Plan: Bloomberg

SoftBank-Backed Indian Startup OYO Revives IPO Plan: Bloomberg

软银支持的印度初创企业OYO重启IPO计划：彭博社
Benzinga Real-time News ·  2022/09/19 08:18
  • SoftBank Group Corp (OTC:SFTBF) (OTC:SFTBY) backed Indian startup OYO Hotels is planning a stock market debut after a travel recovery-induced cost cut and loss reduction, Bloomberg reported.
  • The hotel-booking company aims for an initial public offering (IPO) in early 2023.
  • OYO had filed preliminary IPO documents in 2021 but shelved the listing plan earlier this year as COVID-19 hurt its growth and forced the company to cut jobs.
  • The company, started in 2013 by Ritesh Agarwal, got the backing of start investors like SoftBank and Lightspeed Venture Partners.
  • The Japanese conglomerate holds about 47% of the Gurgaon-based startup.
  • Due to the pandemic, OYO was forced to cut its rapid expansion strategy, giving up its plans in the U.S. and China.
  • The company will likely concentrate on four main regions: India, Malaysia, Indonesia, and Europe.
  • The report cited researcher CB Insights that OYO is currently valued at $9 billion.
  • Price Action: SFTBY shares closed at $18.77 on Friday.
  • Photo Via Wikimedia Commons
  • 软银集团据彭博社报道，(场外交易代码：SFTBF)(场外交易代码：SFTBY)支持的印度初创企业OYO Hotels计划在旅行复苏导致的成本削减和亏损减少后上市。
  • 这家酒店预订公司计划在2023年初进行首次公开募股(IPO)。
  • Oyo曾在2021年提交初步上市文件，但今年早些时候搁置了上市计划，原因是新冠肺炎损害了其增长，并迫使该公司裁员。
  • 这家公司由Ritesh Agarwal于2013年创立，得到了软银和光速风险投资伙伴等Start投资者的支持。
  • 这家日本企业集团持有这家总部位于古尔冈的初创公司约47%的股份。
  • 由于疫情的爆发，OYO被迫削减了其快速扩张战略，放弃了在美国和中国的计划。
  • 该公司可能会专注于四个主要地区：印度、马来西亚、印度尼西亚和欧洲。
  • 该报告援引研究机构CB Insights的话说，OYO目前的估值为90亿美元。
  • 价格行动：SFTBY股价上周五收于18.77美元。
  • 通过Wikimedia Commons拍摄的照片
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