On Friday this week, we’re going to see one of the largest IPOs of 2024 by a new-economy company. The Bhavish Aggarwal-led Ola Electric is all set to make its debut in the stock market. The IPO which has been in the works for sometime is expected to value the company at a little over $4 billion. Aggarwal is due to sell almost 38 million shares as part of the offer for sale which is nearly 20% lower than what the company had indicated in its DHRP.
The company is a leader in the two wheeler EV space in india with more than one third of the market share. Of course, getting here has been no cakewalk for Ola Electric. Just last month it was reported that the company was planning to let go of 400-500 employees to streamline its operations before the listing.
In this episode we go over some of the highlights from the company's offer document.
Tune in.
P.S. Check out the most recent episode of Two by Two, our brand new business podcast, where the hosts ask: why has all the disruption and joy gone out of startups? Stream on Spotify, Apple Podcasts or other platforms!
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