Oo is all set to woo public investors as it gears up for an ipo. They are planning to raise about one point two billion dollars at a lofty valuation of ten to 12 billion dollars. Out of the one point five lack odd properties, they have close to 17 sand hotels and 59 thousand homes,. Think furnished apartments, houses or condominiums that are temporarily rented out as short stay accommodations.
In today's episode for 8th October 2021, we look at OYO and see what the company is up to these days.
But before that, full disclaimer. This isn't an IPO review and it most certainly isn't going to be exhaustive. We will probably do another slightly more elaborate explainer soon enough. Until then, this should serve as a brief overview of OYO and its business for all the people who haven't been following the company of late.