OYO to file DRHP in November, targets $7-8 billion IPO valuation: Report
Global travel tech firm OYO plans to file its Draft Red Herring Prospectus (DRHP) in November, eyeing a USD 7-8 billion valuation for its IPO, sources said.
The company is expected to approach its board with the proposal next week, people familiar with the matter told PTI.
When reached out, a company spokesperson said, “While we cannot comment on any timelines related to OYO’s DRHP or IPO related plans, since it’s a decision that will be guided by OYO’s Board of Directors and will be solely at their discretion. For now, OYO continues to evaluate a range of strategic options to drive value for its stakeholders”.
