Page 2

Articles tagged “ipo”

Tourism

Skift India Daily: EbixCash Gets Regulatory Nod for Long-Anticipated $732 Million IPO 

Despite being embroiled in legal tussles related to acquisitions, EbixCash made its way to the market by generating relatively stable revenues and profits within the high-growth Indian economy.

Amrita Ghosh | 8 months ago

Skift India Daily: EbixCash Gets Regulatory Nod for Long-Anticipated $732 Million IPO 

Ground Transport

Saudi Arabia’s Seera Seeks IPO for Car Rental Firm Lumi

With financial recovery under way, parent Seera Group believes now is the right moment for an initial public offering for its auto rentals division.

Hadeel Al Sayegh, Reuters | 8 months ago

Saudi Arabia’s Seera Seeks IPO for Car Rental Firm Lumi

News Blog

Marriott’s India Operator Samhi Hotels Refiles Draft Papers, Cuts IPO Size

India-based hotel ownership and asset management platform Samhi Hotels has refiled draft papers with the Indian stock market regulator Securities and Exchange Board of India (SEBI) to raise an initial public offering (IPO) of around $120 million. The Goldman Sachs-backed company that operates hotel chains like Marriott, Hyatt and IHG in India, had earlier filed…

Peden Doma Bhutia | 8 months ago

Online Travel

Oyo Cuts IPO Size Nearly in Half to $600 Million, Aiming for November Listing

A cut in IPO size to almost half may be significant, but the confidential pre-filing route provides some flexibility to Oyo. However, the market conditions will determine to a large extent if the hospitality company is able to make the most of it.

Peden Doma Bhutia | 8 months ago

Oyo Cuts IPO Size Nearly in Half to $600 Million, Aiming for November Listing

Tourism

Skift India Daily: Oyo Reportedly Ready to Slash IPO Size Even Further

Given the lackluster performance of several recent public market debuts in India and volatile market conditions, the Oyo IPO size coming down might be a strategic decision.

Amrita Ghosh | 8 months ago

Skift India Daily: Oyo Reportedly Ready to Slash IPO Size Even Further

Online Travel

India’s Yatra Awaits Stronger Investor Confidence Before IPO Launch

Three months ago, Yatra may have been hopeful of launching its Indian IPO by March. However, it appears the online travel company would rather wait for the market to strengthen and investor confidence to return to ensure a successful launch.

Peden Doma Bhutia | 8 months ago

India’s Yatra Awaits Stronger Investor Confidence Before IPO Launch

Online Travel

Oyo Drops Brand Guidelines for Competitive Edge as It Expands in the U.S.

Oyo's new focus on customer support could help, but its relaxation of brand standards in the budget sector could have big reputational risks.

Dennis Schaal | 9 months ago

Oyo Drops Brand Guidelines for Competitive Edge as It Expands in the U.S.

News Blog

India’s TBO.com Fully Acquires Accommodation Wholesaler BookaBed

Tek Travels, a wholly-owned subsidiary of Indian travel distribution platform TBO.com, has fully acquired BookaBed, a business-to-business (B2B) accommodation wholesaler for an undisclosed amount. Last year in April, Tek Travels had acquired a 51 percent stake in BookaBed. Headquartered in Switzerland’s Zug, Bookabed is said to be one of the largest online business-to-business booking engine…

Peden Doma Bhutia | 10 months ago

News Blog

Oyo Plans to Double Premium Hotel Count in Indonesia to 400

Oyo, the India-based budget hotel chain and booking platform, plans to double its premium segment hotel count in Indonesia from around 200 properties to over 400 by the end of 2023. Announcing its plans to double its portfolio, Oyo on Friday said the demand for premium accommodation options is expected to grow significantly in Indonesia in…

Peden Doma Bhutia | 10 months ago

Online Travel

MakeMyTrip Says an India Listing Still on the Agenda

As Oyo, Yatra and ixigo look to go public in India by this year, MakeMyTrip would probably wait and watch to see how these online travel companies fare in the market before launching an Indian IPO.

Peden Doma Bhutia | 10 months ago

MakeMyTrip Says an India Listing Still on the Agenda