OYO files IPO to raise $1.2 billion
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Global travel technology company, OYO (Oravel Stays Limited) has filed its draft red herring prospectus (DRHP) for its initial public offering (IPO) of Rs 8,430 crores ($1.2bn) with the Securities and Exchange Board of India (SEBI). Founded in 2012, OYO is a leading new-age technology platform empowering the large yet highly fragmented global hospitality ecosystem.