Oyo eyes over $12 billion valuation in IPO, founder not to offload stake

Oyo is looking to raise $1-1.2 billion largely by issuing fresh stock in the IPO. Existing investors would sell some stake via an offer for sale, but founder Ritesh Agarwal is unlikely to sell any of his 30% stake in Oravel Stays.

from Tech-Economic Times https://ift.tt/3AyMSrL