Oyo Owner Prism Halves IPO Size
Indian hotel chain Oyo parent Prism has halved its proposed initial public offering size to 33.5 billion rupees. The SoftBank-backed company is reviving its long-delayed listing plans amidst a busy domestic market.
Insights:
Prism, the parent company of Oyo Hotels, slashed its proposed IPO by 50% to 33.5 billion rupees ($354.65M) in an updated filing on Thursday morning. The move comes as the SoftBank-backed hospitality firm attempts to revive long-delayed listing plans in India. The revised offering aims to capitalise on an active domestic primary market.
