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India's Ola Cabs plans $500 mln IPO, to appoint banks soon | Reuters News Agency

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By NEWS INTERLINK


Deals

19 April 2024, 4:28 am 1 minute

Reuters exclusively reported that Indian ride-hailing firm Ola Cabs is planning an initial public offering (IPO) to raise $500 million at a company valuation of about $5 billion.

Market Impact

This is Ola’s second attempt at an IPO, after a 2021 plan to raise up to $1 billion was canned.

Article Tags

Topics of Interest: Deals

Type: Reuters Best

Sectors: Business & FinanceTransport & Logistics

Regions: Asia

Countries: India

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story



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