Global Travel-Tech Unicorn Oyo has arranged five investment banks regarding its IPO’s plan. These banks will meet its lead shareholder Softbank in June. According to PTI news, this meeting will help in setting the way for the company’s public listing. These five banks will be- City, Goldman Sachs, Jefferies, ICICI Securities and Axis Capital. Let me tell you, Softbank, which is one of Oyo’s largest shareholders, is interested in understanding the expected investor interest for major positioning strategies, expected evaluation metric and offering.
SoftBank’s London office meeting
According to the news, the meeting with the five banks is scheduled to be held at the London Office in Softbank’s Groswon Street, where banks will introduce their IPO Strategy before Sumer Juneja of SoftBank. Sources associated with this development said that Oyo founder Ritesh Aggarwal and his senior leadership team will also participate in the discussion. The idea of the Japanese group is considered important for IPO time, as it has a significant stake in hospitality startups.
Income per share will increase rapidly
Softbank is positive to its portfolio companies such as Oyo, who have shown strong performances. For Oyo, increasing the primary issue will increase the income by using income by using income for earlier. Oyo is aiming to weaken 10 percent of the share through a combination of primary and secondary components in the proposed public offer to ensure the minimum possible weakening, as the company is already generating cash.
The target to launch IPO for this time
The London meeting is held at a time when Oyo has intensified its thinking for the IPO in the last month, changing active pitch presentations with informal discussions with major banking institutions. The filing time remains flexible, as Oyo is considering that the FY2025 has to move forward or wait for the results of H1 FY2026 to strengthen its market position. The company is aiming to launch the IPO in the last quarter of the current financial year.
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