2/5/2025, 5:23:03 pm

Oyo delays third IPO attempt due to SoftBank opposition: Report

Budget hotel aggregator Oyo has decided to delay its third attempt at going public amid market uncertainty and resistance from major investor SoftBank, Bloomberg reported on Friday, citing sources familiar with the matter. According to Bloomberg report, SoftBank has expressed concerns about the timing of the IPO and has urged Oyo to wait until the company’s financial performance improves.