September 23rd，According to Reuters citing sources，SoftBank Group-backed Indian hospitality startup Oyo Hotels and Rooms is expected to file for an initial public offering next week，Raising approximately US$1 billion。 The hotel aggregator is looking 188bet Online Sports Betting and Casino to list in India’s financial capital Mumbai，The size of its initial public offering is tentatively set to be between US$10 and US$1.2 billion，Will include issuance of new shares and offers for sale by existing shareholders。One of SoftBank’s largest shareholders holds 46% of Oyo shares，Kotak Mahindra Capital、JP Morgan and Citi are advisors to Oyo IPO。Last month，Oyo received a US$5 million investment from Microsoft。 Oyo was 188bet sports betting app download founded by Lee Tae Hee in 2013，Now the second most valuable startup in India，About 10 billion US dollars。current，OYO’s services have covered 1.2 million rooms in more than 80 countries and regions，Including 590,000 in China。Earlier this year，Oyo has just entered the US market，Currently has approximately 7,500 rooms in 60 cities。As of June 2019，The company has become the third largest hotel chain in the world 188bet online sports betting (by number of rooms)，And the fastest growing hotel、Residential and residential space chain brand。（Gelonghui）