Indian E-Scooter Startup Ola Plans to Raise $661 Million in IPO bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.
The EV maker with a total IPO size of Rs 7,250 crore, will also utilise the some of the net proceeds of up to Rs 1,600 crore towards investment into Research and Development.
Ola Electric Mobility Aims to Raise $661 Million in IPO pymnts.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pymnts.com Daily Mail and Mail on Sunday newspapers.
Initial public offerings and follow on share sales in India this year exceeded Hong Kong for the first time in at least 30 years, according to data compiled by Bloomberg.
India offers “a much more constructive story for capital markets than the rest of Asia. It is as wide open as we have seen it for a while,” said Udhay Furtado, co-head of ECM, Asia Pacific at Citigroup Inc. “Bigger names could be potential candidates for 2024 listings.”