According to Sina Finance report，Indian budget hotel chain 188bet online sports betting will shelve its plans for an IPO (initial public offering) this year，Mainly worried that the market downturn may affect its valuation。

Reportedly，After consultation with bankers and investors，188bet online sports betting Board of Directors at multiple meetings last week and earlier this week，Discussed the issue of adjusting the IPO time。Informed sources said，If 188bet online sports betting speeds up the IPO process again before the end of the year，may be launched as early as 2023。There were reports as early as March this year，188bet online sports betting is considering cutting its IPO financing size by half，Even the listing plan is temporarily put on hold。