From Yahoo Finance: 2025-05-05 11:00:00

Indian hospitality chain Oyo Hotels has postponed its IPO for the third time due to SoftBank’s opposition and market volatility. The potential debut is now set for March with a targeted valuation of $7bn. SoftBank, holding a significant stake, wants the IPO delayed until Oyo’s earnings improve.

Founder Ritesh Agarwal seeks a swift IPO to meet loan terms, personally guaranteed by SoftBank’s Masayoshi Son. Delay may lead to loan repayment extension. Oyo, aiming for profitability, forecasts a substantial profit increase in the upcoming year. Despite competition, the company has returned to profitability after valuation adjustments.

Oyo is set to launch a dedicated app for premium hotels in April 2025. The final decision on the IPO listing will be board-driven, considering all shareholders’ interests. SoftBank’s role is complex due to Son’s financial involvement with Agarwal. Oyo’s financial performance and market conditions will determine the IPO timing.



Read more at Yahoo Finance: Oyo Hotels postpones IPO for third time