Indian budget hotel chain startup Oyo is looking to file for an initial public offering as soon as next week, people familiar with the matter told TechCrunch, joining a handful of firms in the world’s second-largest market that are working to explore the public markets.
The seven-year-old startup, founded by 27-year-old Ritesh Agarwal, is planning to raise as much as $1.2 billion in the IPO, banker sources said, requesting anonymity discussing private matters.
The aforementioned terms could slightly change in the next few days and the startup may take an additional few days to file the paperwork, the people said.
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