SoftBank-backed Oyo likely to shelve plans for IPO in 2022
Mumbai, 24/5: Oyo Hotels, the once high-flying Indian startup, is shelving plans for an initial public offering in 2022 after a market downturn that would hurt its valuation, according to people familiar with the matter. The board of Oyo, formally known as Oravel Stays Ltd., talked through a change in the offering’s timing during…
