Oyo delays third IPO attempt due to SoftBank opposition : Report

Budget hotel aggregator Oyo has postponed its third attempt to go public, citing market volatility and pushback from its largest investor, SoftBank, Bloomberg reported on Friday. Sources told Bloomberg that SoftBank has advised the company to hold off on an IPO until its financial performance shows stronger improvement.

This delay marks Oyo’s third deferred IPO since 2021. The current market environment has been deemed unfavorable, with investor sentiment weakened partly by global uncertainty and reduced risk appetite linked to US President Donald Trump’s tariff policies.