Archive · 2 Jun 2025
OYO Gears Up for IPO with SoftBank Meeting in London
OYO, a travel-tech company, is planning to sell shares to the public (IPO).
They're meeting with their biggest investor, SoftBank, in London to discuss it.
OYO has hired big banks like Citi and Goldman Sachs to help with the presentation.
SoftBank wants to see if people are interested in buying OYO's shares and how much the company is worth.
OYO hopes to raise money by selling some of its shares and plans a valuation between $6 and $7 billion.
The company has recently made more money, reporting a profit for the first nine months of the fiscal year.
They aim to use this to pay off some debt and grow.
OYO is planning an IPO and will present plans to SoftBank, its largest shareholder, in London.
A consortium of five investment banks, including Citi, Goldman Sachs, and Indian firms, will pitch the IPO to SoftBank.
The meeting will assess market positioning, valuation, and investor demand ahead of the potential listing.
OYO is considering a valuation in the $6-7 billion range, with a 10% equity dilution.
The company reported a six-fold jump in profit in Q3 FY25 and a cumulative profit of ₹457 crore for the first nine months of FY25.
- Who
- OYO, SoftBank, and a consortium of five investment banks.
- What
- OYO is presenting its IPO plans to SoftBank.
- When
- Scheduled for June.
- Where
- London (SoftBank's Grosvenor Street office).
- Why
- To assess market positioning, projected valuation benchmarks, and investor demand ahead of a potential listing.
- Company
- Travel-tech company
- Largest Shareholder
- SoftBank (40%+ stake)
- Potential Valuation
- $6-7 billion
- Equity Dilution
- 10%
- Investment Banks
- Citi, Goldman Sachs, Jefferies, ICICI Securities, Axis Capital
- Q3 FY25 PAT
- ₹166 crore
- Cumulative profit for first nine months of FY25
- ₹457 crore