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Synopsis
After surviving a steep fall and existential crisis in 2020, Oyo picked up pieces from the remains of Covid-19 devastation and self-inflicted errors. Its profits, revenue, storefronts and global footprint are steadily growing, making the company’s IPO prospects more tangible than ever. The question now is how markets will view Oyo’s steady growth and stability.
After an intriguing four-year delay, SoftBank-backed hospitality unicorn Oyo is poised to go public in early 2026, with a fresh draft red herring prospectus (DRHP) filing expected before year-end. Since Oyo first filed the DRHP in 2021, nearly 20 venture capital-backed startups have gone public. However, Oyo’s public listing remained a non-starter. Amid a lengthy back-and-forth between the company and the market regulator Securities and Exchange
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