Oyo eyes third attempt at IPO with fresh talks

Global travel tech platform Oyo has initiated fresh discussions with investment bankers in preparation for a third attempt at a public listing, with the aim of launching its IPO in the fourth quarter of the current financial year.

Sources close to the development said Oyo has begun engaging both domestic and international banks and is likely to file fresh IPO papers between August and September. The company is still weighing whether to file with FY25 audited results or wait until the first quarter financials of the current fiscal are ready. The planned IPO could value Oyo in the range of $6-7 billion.