Oyo delays IPO to 2026 after SoftBank pushback, targets $7 bn valuation

Indian budget hotel chain Oyo is delaying its third IPO attempt amid opposition from largest shareholder SoftBank and market volatility, aiming to now list by March 2026 at a valuation of $7 billion, Bloomberg News reported on Friday.

SoftBank does not favor Oyo’s plan to list in October and has pressed the company to hold off on a public offering until its earnings are stronger, people familiar with the matter told Bloomberg News, asking not to be identified as the information is private.