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OYO IPO set for further delay in 2023
Reading Time: 2 minutesIndia: The proposed initial public offering [IPO] for Indian hospitality chain OYO is set to be delayed once again after the national capital markets regulator asked its parent company to refile its draft IPO papers with certain updates.
OYO to lay off 600 employees in pre-IPO restructuring
Reading Time: 2 minutesIndia: Hospitality chain OYO has announced that it will lay off around 600 employees across its product and engineering teams, affecting close to ten per cent of the company’s 3700-strong employee base worldwide.
OYO steps up plans to resurrect IPO in early 2023
Reading Time: 2 minutesIndia: Hospitality chain OYO is reportedly ready to resurrect its plans to debut on the stock market through an initial public offering [IPO] by as early as January 2023.
OYO purchases Bornholmske Feriehuse in Denmark
Reading Time: 3 minutesDenmark: OYO Vacation Homes has acquired Nordic-based holiday home operator Bornholmske Feriehuse through its subsidiary Danish rental brand DanCenter.
OYO puts IPO plans on hold until at least September
Reading Time: 2 minutesIndia: Hospitality unicorn OYO is said to be putting its IPO plans on hold to until at least September in a bid to ride out the volatility of the pandemic-affected markets.
OYO purchases Direct Booker in $5.5m transaction
Reading Time: 2 minutesCroatia: Indian hospitality unicorn OYO has announced the acquisition of Dubrovnik-based vacation rental franchise agency Direct Booker for $5.5 million.
OYO rumoured to be revising 2022 IPO plans
Reading Time: 2 minutesIndia: SoftBank-backed lodging startup OYO is considering revising its planned initial public offering [IPO].
OYO targets $9bn valuation before imminent IPO
Reading Time: 2 minutesIndia: Hospitality chain OYO has reportedly set a target valuation of $9 billion for its upcoming initial public offering [IPO].
OYO set to file for $1.2bn IPO next week
Reading Time: 2 minutesIndia: SoftBank-backed hospitality startup OYO is preparing to file for its long-awaited initial public offering [IPO] as soon as next week, as well as to raise between $1-1.2 billion in the process, according to reports. It is believed that the budget hotel aggregator – which also operates vacation rental brand OYO Vacation Homes – is […]
Microsoft confirms OYO investment to digitally transform travel industry
Reading Time: 3 minutesIndia: Microsoft and travel technology company OYO have announced that they have entered a multi-year strategic alliance to co-develop next-generation travel and hospitality products and technologies. OYO will now adopt Microsoft Azure as a key enabler to drive cloud-based innovations and “reimagine” the hospitality and travel tech industry. The solutions will be geared to benefit […]