Oravel Stays (OYO Rooms) Unlisted Shares
Oyo likely to withdraw IPO papers, may opt for private fundraise: Report
Business Standard
2 min read
OYO Contemplates IPO Withdrawal Amid Cash Raise Talks and Valuation Challenges
Expert Analysis:
IPO Withdrawal Consideration: OYO mulls withdrawing IPO application, signaling strategic reassessment.
Cash Raise Talks: Ongoing discussions with investors for cash infusion within six to eight months.
Valuation Challenges: Facing cuts, SoftBank reduces OYO's valuation to $2.7 billion from $3.4 billion in 2022.
Agarwal's Optimism: CEO Ritesh Agarwal's positive outlook, recording Q3 net profit and projecting Rs 1,000 crore EBITDA, counters IPO uncertainties.
Strategic Shift:
Potential IPO withdrawal aligns with cash-raising talks amid valuation challenges.
Financial Resilience:
Agarwal's positive outlook emphasizes OYO's commitment to growth beyond IPO uncertainties.
Projections Beyond IPO:
Anticipated Rs 1,000 crore EBITDA in FY24 underscores OYO's resilience and sustained growth focus.
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