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.

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