New Delhi: Some investors, including the Qatar insurance company insurance company based in the Middle East (QIC) and some rich individuals clean, have bought bets at OYO IPOs that are bound in November and December, say three people who know this problem.
This is a secondary transaction running at a price around Rs 110 per share, and includes almost 1.43 shares of crore equity and 2,500 stock preferences.
OYO appreciation transactions around $ 9.56 billion are similar to the last round of funds by Microsoft for the hotel aggregator.
OYO Investors including Softbank, Sequoia Capital, Lightspeed Ventures, GreenOaks Capital, Airbnb and Hindustan Media Ventures, while the founder of the Agarwal Ritesha holds 33% of the shares in the company.
These shares were mainly lowered by OYO employee welfare trust, who detained them on behalf of their employees, as part of the ESOP program.
Oyo refused to comment on this story.
With OYO recently expanded a collection of ESOPs by 41%, more than 80% of current employees in Oyo have been given ESOs.
In the past, Oyo has announced several liquidity events for ESOP holders that produce more than Rs 250 Crore in wealth.
Oyo, intends to go public by aiming to collect Rs 8,430 Crores, which includes the main publication of Rs 7,000 Crores.
The company is awaiting the approval of Sebi and is expected to launch an IPO in January, which will make it a big list of the first 2022.
Qatar Insurance, HNI Buy to Oyo IPO-Boot
