Softbank-backed ride-sharing company Ola readies for up to US$1 billion India IPO -sources

📆 8/30/2021 10:15 AM
📰 ChannelNewsAsia

⏱ Reading Time:
10 sec. here
2 min. at publisher
📊 Quality Score:
News: 7%
Publisher: 66%

United States News News

United States United States Latest News,United States United States Headlines

NEW DELHI/HONG KONG : Indian ride-sharing giant Ola plans to raise up to US$1 billion through an initial public offering (IPO) and is finalising banks to advise on the fund-raise, three sources told Reuters, becoming the latest startup to join the capital markets boom. Ola, backed by Japan's Softbank Grou

NEW DELHI/HONG KONG : Indian ride-sharing giant Ola plans to raise up to US$1 billion through an initial public offering and is finalising banks to advise on the fund-raise, three sources told Reuters, becoming the latest startup to join the capital markets boom.

The company, which competes with Uber Technologies, is also in talks with Bank of America and JP Morgan, one of the people said.Bank of America, Citi and Morgan Stanley declined to comment.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

India attracts US$22.5 billion in foreign direct investment in April to June 2021: GovernmentNEW DELHI: India attracted foreign direct investment (FDI) inflows of US$22.53 billion during the first three months of the fiscal year starting on Apr 1, 90 per cent higher than the April-June period last year, the government said on Saturday (Aug 28). India\u0027s automobile industry accounted for 27 per
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »