Here is how Business News-OYO Big IPO deal coming soon up to $1.2B Investor Raise For All startup should be ready.
This year the investors have made huge profits from the IPO market. The initial public offering (IPO) market was buzzing last year. Indian Hotel startup company OYO has submit an application for IPO upcoming next week.
To Know Complete Details about IPO
Due to better liquidity position and encouraging response from investors, companies have raised crores of rupees through IPO in the year 2020. The turmoil in the IPO market continues.
Recently, US tech giant Microsoft had invested $ 5 million, or about Rs 37 crore, in India’s startup company of OYO GRoup. After this investment, the company’s valuation has increased to more than $ 9.7 billion..
Business News-OYO Founder Ritesh Agarwal :
Ritesh Agarwal of Orissa has done this; Who surprised even big experienced entrepreneurs and investors by starting a company named Oyo Rooms at the young age of 20. The main objective of OYO Rooms is to provide travelers rooms in big cities of the country with best basic amenities at affordable prices.
Personally, Ritesh is a young man with common sense. Looks just like a normal college student with thin, long and wavy hair. But sometimes normal looking people also do such things which you would not expect. Ritesh is also one such young entrepreneur. At the young age of just 21 years, he made his ideas a reality on the strength of his experience, ability to recognize the right opportunity and hard work.
About OYO Stake HOLder :
Japan’s SoftBank Group Corp holds a 46 percent stake in Oyo. According to the Hurun Global Rich List 2020, Ritesh Agarwal, Founder and Chief Executive Officer (CEO) of Oyo is the world’s second-youngest self-made billionaire. Oyo is one of the largest startup companies in the country. It was founded in 2013 by Ritesh Agarwal. It acts as an aggregator for budget hotels across the world.
OYO Plan to raise UP TO $1.2 billion :
According to Reuters, the company could raise $1.2 billion from the issue. It will also include Offer for Sale (OFS) along with fresh issues.
Investors can make good money from IPO
Whenever a company or government proposes to sell some shares to the general public for the first time, this process is called Initial Public Offering (IPO). Investors can earn good money by investing in IPO. Last year, companies raised Rs 31,000 crore from the primary market. A total of 16 IPO launches took place, out of which 15 were launched in the second half. In the full year of 2019, Rs 12,362 crore was raised through 16 IPOs. Here is how Business News-OYO Big IPO deal coming soon up to $1.2B Investor Raise .