Beyond the Storm: Navigating the Uncharted Waters of the Post-Pandemic Corporate Landscape
As the storm of the pandemic begins to subside, corporate leaders face a landscape that has forever changed. The question …
September 01, 2021: -SoftBank backed Indian ride-sharing firm Ola plans to raise $1 billion through an initial public offering, a source known with the situation told CNBC.
Bloomberg and Reuters earlier reported news of the IPO. Both organizations cited unnamed sources. Ola declined to comment on this report.
Reuters said Ola is finalizing the banks that will advise on its fundraising and have reportedly roped in Citigroup, Kotak Mahindra, and Morgan Stanley.
Chairman and Group CEO Bhavish Aggarwal told CNBC this month that the company planned to go public next year and that a final date had not been decided.
The SoftBank-backed start-up is part of a growing list of Indian tech start-ups planning to go public.
Last month, food delivery firm Zomato made its stock market debut, payments giant Paytm filed for a $2.2 billion float, and online insurer PolicyBazaar filed for an IPO to raise over $800 million. Reports say e-commerce giant Flipkart is also exploring listing options.
Most of Ola’s operations are in India, but the company’s ride-hailing services are also available in the U.K., Australia, and New Zealand. As the coronavirus pandemic kept most people at home for extended periods of time, it forced the company to cut its workforce.
Last month, Ola announced that Plum Wood Investment, an affiliate of global private equity firm Warburg Pincus, and Singapore state investor Temasek planned to invest $500 million into the company ahead of its IPO.
As the storm of the pandemic begins to subside, corporate leaders face a landscape that has forever changed. The question …
In the ever-evolving symphony of corporate dynamics, a new movement has emerged, reshaping the traditional …
Workplace culture has evolved beyond the superficial allure of ping-pong tables and casual Fridays in the ever-shifting landscape …
In the grand orchestration of corporate strategy, a new conductor has taken the stage, wielding algorithms instead …
In the pulsating heartbeat of technological evolution, a virtual reality revolution is unfurling, beckoning us to reimagine the very essence …
In the grand theater of corporate endeavors, where success is not merely measured in profits but in the harmonious achievements of inspired teams, what if I told you …
China has implemented a policy change that discontinues the live feed of data pertaining to foreign inflows and outflows within …
A group of U.S. consumers filed a lawsuit in federal district court on April 16, 2024, to halt Alaska Air’s proposed $1.9 billion acquisition ….
Chemical giant BASF (FSE: BAS) has secured a significant step towards sustainable operations at its Zhanjiang Verbund site …
Five9, Inc. (NASDAQ: FIVN), a leading provider of cloud-based contact center software, has received a consensus rating of …
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you