OYO Parent Prism Files Confidential IPO in India, Targets $7–8 Billion Valuation
Prism, the parent company of OYO Hotels, has filed confidential IPO papers in India, aiming for a valuation of up to $8 billion after years of delayed listing plans.
Prism, the parent company of OYO Hotels, has filed confidential IPO papers in India, aiming for a valuation of up to $8 billion after years of delayed listing plans.
Prism, the parent company of OYO Hotels, has secured shareholder approval to raise $742 million through a fresh equity issue, reviving long-delayed IPO plans.
OYO’s premium brand Sunday plans to open 40 upscale properties – 4- and 5-star hotels – across metro and non-metro India in FY26, targeting travel and leisure hotspots.
Oravel Stays, the parent of OYO, has rebranded to Prism to reflect its evolution into a diversified global hospitality and tech group ahead of its planned IPO.