SoftBank-backed India's Oyo Hotels owner halves proposed IPO, filing shows
Indian markets moved lower in an ipo & listings development.
· Economic Times Markets
Prism, the company behind Oyo Hotels, has slashed its initial public offering (IPO) size from 66.5 billion to 33.5 billion rupees. Initially aiming for a lofty $12 billion valuation back in 2021, Prism has encountered a series of delays, including a confidential filing in March 2023 and its third postponement in May.
The analysis
Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
Market context
- Sectors in the story: Hotels & Restaurants.
Hotels & Restaurants
1M -3.1% · 3M -0.9%
Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
No. 2 on Day 1: How Jio Platforms broke India’s market cap hierarchy on debut itself
Acutaas Chemicals among 5 stocks hitting 52-week highs; rallied up to 18% in a month
Dean of valuation Aswath Damodaran pegs Anthropic's worth at $1.475 trillion ahead of mega IPO
Mid Smallcaps under pressure; Suzlon, Swiggy, STL, HFCL slip up to 10%
Atomberg Technologies IPO: Smart Fan-Maker Gets SEBI Nod For IPO, Plans Rs 450 Crore Fresh Issue