Prism, the company behind Oyo Hotels, has slashed its initial public offering (IPO) size from Rs 6650 crore to Rs 3350 crore rupees. Initially aiming for a lofty $12 billion valuation back in 2021, Prism has encountered a series of delays, including a confidential filing in March 2023 and its third postponement in May.Prism, the company behind Oyo Hotels, has slashed its initial public offering (IPO) size from Rs 6650 crore to Rs 3350 crore rupees. Initially aiming for a lofty $12 billion valuation back in 2021, Prism has encountered a series of delays, including a confidential filing in March 2023 and its third postponement in May.
SoftBank-backed India's Oyo Hotels owner halves proposed IPO, filing shows
