OYO Founder and CEO Ritesh Agarwal is unlikely to sell any of his stake in the startup's upcoming $1.2 billion IPO, Bloomberg reported. The 27-year-old reportedly holds over 30% stake in OYO's parent Oravel Stays. OYO is seeking a valuation of $12 billion to $15 billion and is expected to file the draft red herring prospectus with SEBI next week.