SoftBank cuts valuation of IPO-bound OYO by over 20%
Mumbai, 22/9: SoftBank Group Corp has slashed the valuation of OYO Hotels on its books by more than 20 per cent as once high-flying Indian startup prepares for an initial public offering, people familiar with the matter said. The Japanese investor, the largest shareholder in the hotel-booking firm, cut its estimated value for OYO…
