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Ola Electric faces investor pushback on $7bn IPO valuation: Report
short by Mansi Agarwal / on Friday, 21 June, 2024
Ola Electric is reportedly facing investor pushback on its targeted valuation for its upcoming ₹5,500-crore IPO. The electric scooter maker aims for a valuation of around $7 billion, compared with a valuation of about $5 billion based on initial feedback from investors, Bloomberg reported. Current investors could reportedly opt not to sell shares in the company at $5 billion valuation.
read more at NDTV Profit