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.
India’s Ola Cabs plans $500 mln IPO, to appoint banks soon | Reuters News Agency
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Deals
19 April 2024, 4:28 am 1 minute
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
