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SoftBank-Backed Indian Startup OYO Revives IPO Plan: Bloomberg

SoftBank-Backed Indian Startup OYO Revives IPO Plan: Bloomberg

軟銀支持的印度初創企業OYO重啟IPO計劃：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
  • 軟銀集團據彭博社報道，(場外交易代碼：SFTBF)(場外交易代碼：SFTBY)支持的印度初創企業OYO Hotels計劃在旅行復蘇導致的成本削減和虧損減少後上市。
  • 這家酒店預訂公司計劃在2023年初進行首次公開募股(IPO)。
  • Oyo曾在2021年提交初步上市文件，但今年早些時候擱置了上市計劃，原因是新冠肺炎損害了其增長，並迫使該公司裁員。
  • 這家公司由Ritesh Agarwal於2013年創立，得到了軟銀和光速風險投資夥伴等Start投資者的支持。
  • 這家日本企業集團持有這家總部位於古爾岡的初創公司約47%的股份。
  • 由於疫情的爆發，OYO被迫削減了其快速擴張戰略，放棄了在美國和中國的計劃。
  • 該公司可能會專注於四個主要地區：印度、馬來西亞、印度尼西亞和歐洲。
  • 該報告援引研究機構CB Insights的話説，OYO目前的估值為90億美元。
  • 價格行動：SFTBY股價上週五收於18.77美元。
  • 通過Wikimedia Commons拍攝的照片
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