OYO Parent Prism Moves Closer to IPO With Approval for $742 Million Share Issue
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.
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.
India-based corporate travel platform TravelPlus has filed IPO papers, signaling growing investor confidence in enterprise-focused travel technology and its improving profitability.
Corporate travel platform Navan announced a CFO transition shortly after its IPO, alongside strong revenue growth and continued demand in the corporate travel market.
Indian hospitality group Pride Hotels is planning an IPO by March 2026 to finance large-scale renovations, reduce debt, and support its expanding national footprint.
OYO is making a third attempt to go public, planning to file its Draft Red Herring Prospectus (DRHP) in November 2025 with a valuation goal of $7–8 billion – approximately 25-30 times its EBITDA – as investment banks and SoftBank weigh in.
Cordelia Cruises’ parent company, Waterways Leisure Tourism, has filed for an $84.5 million IPO to fund fleet expansion and debt repayment—marking a bold new chapter for India’s only ocean cruise operator.