Evening news on January 17th，Reportedly，Informed sources said today，After initial contact with potential investors，Indian budget hotel chain OYO plans to seek valuation of about $9 billion in IPO (initial public offering)。US$9 188bet app billion IPO valuation，Less than the US$12 billion expected by Indian media last year，Also lower than OYO’s $10 billion valuation set in 2019。To this，An OYO representative declined to comment。Informed sources said，As OYO prepares to assess investor order needs，Company executives are paying attention to this matter。The decline in U.S. technology stocks may also put pressure on OYO’s valuation。

As understood，In this 188bet app IPO，It will mainly sell new shares of OYO，There is also a small amount from existing shareholders。SoftBank holds about 47% of OYO shares，Plans to sell a small portion in this IPO。Founder Li Taixi holds about 1/3 of the shares，No intention to sell these shares in the IPO。

In addition，Sequoia Capital、Existing investors such as LightSpeed ​​Ventures and British capital management company Greenoaks Capital 188bet online sports betting Management also do not plan to sell shares。(Sina Technology)