Skift Take
The nearly three-year wait for an IPO launch just goes to show the immense challenges Oyo has faced in its plans to go public. Now, should the company manage to secure funds from investors beforehand, it will undoubtedly choose that path without any hesitation.
Just two days after the Economic Times reported that Oyo had met with regulators to expedite its IPO, it reported that the hotel operator wanted to back out of the public offering.
Instead, the Economic Times report cited sources saying Oyo wanted to raise money with private investors.
“The company denies any rumors about withdrawing the IPO,” Oyo said in an official statement to Skift.
A source familiar with the process told Skift that an IPO is still on t