News > SoftBank cuts down OYO’s valuation by 20% to $2.7 billion
SoftBank cuts down OYO’s valuation by 20% to $2.7 billion
Business Today | 22/09/2022 11:57 PM | Click to read full article
SoftBank has slashed hospitality unicorn, OYO’s valuation by 20 percent, Bloomberg reported citing sources. The development comes amidst reports that the start-up is preparing to make its stock market debut in January 2023.
The Masayoshi Son-led fund has reportedly cut down OYO’s valuation to $2.7 billion in the June quarter from $3.4 billion earlier.
