Oyo Gears Up for Third IPO Attempt After Achieving Profitability in 2025

Global travel tech platform Oyo is making headlines as it prepares for its third IPO attempt following a significant financial turnaround. The SoftBank-backed hospitality giant has recently reported profitability, boosting confidence among investors and stakeholders for a potential public listing targeted for the final quarter of FY25 or early 2026.

According to recent updates, Oyo has initiated discussions with investment bankers to finalize plans for the IPO, aiming for a valuation of $6-7 billion. This move comes after the company withdrew its draft papers from the Securities and Exchange Board of India (SEBI) in May 2024, marking a strategic pause after earlier attempts in 2021 faced market challenges and valuation concerns.

Oyo's renewed push for an IPO is underpinned by a strong business performance in FY25, with significant growth in revenue and global expansion. The company has streamlined operations, reduced losses, and focused on sustainable growth, positioning itself as a formidable player in the hospitality and travel tech sector.

Despite the optimism, challenges remain, including past opposition from key investor SoftBank over timing and financial metrics. A crucial board meeting with SoftBank in June is expected to finalize the IPO size and timeline, ensuring alignment among major stakeholders for this critical financial milestone.

The hospitality firm's journey to profitability and a potential successful public listing could set a precedent for other tech startups in Asia, showcasing resilience amid volatile market conditions. Industry experts are closely watching Oyo’s progress as it navigates regulatory hurdles and investor expectations.

As Oyo moves forward, the company remains focused on enhancing its offerings and expanding its footprint across key markets. This third attempt at going public could be a game-changer, provided it capitalizes on current market sentiments and its improved financial health.