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
- Sector exposure: Hotels & Restaurants.
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