Recently OYO announced that it is going to launch its IPO and due to this many investors from all across the county are looking for OYO IPO 2022. Many people are searching about it on the internet and seeing this much curiosity among people about this, We thought to bring a separate article containing all the information regarding OYO IPO 2022. Just read this article till the end and find out all the details below.
OYO IPO 2022: All You Need To Know
OYO Rooms is an Indian multinational company that helps people to book their rooms online while they are travelling to other places. Currently, this company is operating in almost 80 countries like India, Malaysia, UAE, Nepal, China, Brazil, Mexico, UK, Philippines, Japan, Saudi Arabia, Sri Lanka, Indonesia, Vietnam, the United States and more. Many people use this platform because it is quite easy to use.
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The company was founded by Ritesh Agarwal in 2012 and the name of the company was Oravel Stays later in 2013 he renamed the name of the company OYO. Its headquarter is situated in Gurgaon, Haryana. In 2019, OYO had over 17,000 employees globally, of which approximately 8000 are in India and South Asia. OYO Hotels & Homes is a full-fledged hotel chain that leases and franchises assets.
The company invests in Capex, employs general managers to manage functions and customer understanding, and develops around a million job opportunities in India and South Asia alone. OYO set up 26 training academies for hospitality fanatics across India in 2019. The net revenue of this company is around 6657 crore. Earlier in the pandemic, there were so many rumours that OYO is on the verge of bankruptcy but Ritesh Agarwal officially announced that this is just a rumors.
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OYO IPO 2022, Share Price, Valuation
Now in this paragraph, we are going to tell you about OYO IPO 2022. OYO is currently targeting almost around $9 Billion valuations in its initial public Offering. The SoftBank Group Corp.-backed startup is expected to get the green light to proceed with the offering this week or next after filing preliminary documents last year. In this pandemic, OYO is also one of those companies that have struggled with the financial crisis and due to this, it is looking for its IPO launch. The company has said that they are looking to raise 8430 crores by selling its share.
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Till now it is not officially confirmed what will be the share price and when its IPO is going to start. Just stay connected to our website because if there will be any official announcement then we will provide you with all the data here. Still, we have no data about GMP Prediction so we will have to wait for all these things. The company will officially announce all these things very soon.
In this article, we almost covered every possible information about OYO IPO 2022. All the information which we share here are from official sources and we never provide any false information. We hope that all of your doubts are cleared now.
If you have any other queries regarding this topic then you can ask your question with us below in the comments section and we will get back to you as soon as possible.