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SoftBank to sell stake in OYO worth over $175 mn: OYO IPO filings
short by Aishwarya Awasthi / on Saturday, 2 October, 2021
Japanese conglomerate SoftBank will sell its stake in OYO worth $175 million, the startup said in an IPO filing. Besides SoftBank, Southeast Asian ride-hailing firm Grab, China Lodging Holdings and Hero Group's Sunil Munjal will be divesting their stakes as well. However, some other OYO investors, including Airbnb, Microsoft, Lightspeed Ventures will not be diluting their shares.
read more at TechCrunch