IPO

Oyo’s net income nose-dived 69% to USD 558 million in the financial year ended March 31, 2021, from USD 1.8 billion in FY 2020—the year before the pandemic hit.

Oyo has reportedly been gearing up to file documents for a mega IPO of USD 1–1.2 billion by next week, targeting a valuation of USD 12-14 billion.

Freshworks’ share price surge up to 33% to around USD 48 on the back of high investor demand, while its market capitalization ballooned to USD 13 billion on the first day of trading.

Close to USD 1 billion worth of offerings in works despite declared ‘pause’ in US reviews.

The 2020 SGX-Nasdaq partnership to attract dual listings has not led to an influx of high tech companies filing IPO applications in Singapore.

MapMyIndia is reportedly looking at a USD 164 million (INR 1.2 billion) IPO at a valuation of around USD 684–820 million (INR 50–60 billion).

Bukalapak’s stock movements have provoked strong reactions on social media.

Probe into law firm handling deal comes as Beijing ramps up scrutiny on tech.