Oyo likely to file for mega IPO next week: All you need to know

Indian hospitality startup Oyo is likely to file for a mega initial public offering next week. Here is all you need to know.

Indian hospitality startup Oyo Hotels and Rooms is likely to file for an initial public offering (IPO) next week to raise around $1 billion.

SoftBank Group-backed Oyo’s IPO is likely to be worth $1.2 billion or roughly Rs 8,000 crore, as per a source who spoke to news agency Reuters. This is another major IPO expected this year as domestic stock markets remain buoyant.