Ola Electric IPO sees 26% valuation cut, benefiting late-stage investors
4 months, 3 weeks ago

Ola Electric IPO sees 26% valuation cut, benefiting late-stage investors

New Indian Express  

MUMBAI: The steep 26% valuation cut in the Rs 6,146 crore primary share sale from largest electric scooter maker Ola Electric at a price band of Rs 72-76 share will likely to see early investors’ investment value eroding by about 30%, but for the late entrants like SoftBank, Tiger Global, Matrix Partners and others, it will be a windfall. Later-stage investors like SoftBank, which owns close to 25% in the Bhavesh Aggrawal founded firm, Tiger Global, and Matrix Partners stand to enjoy multi-bagger gains. Alpine Opportunity Fund’s 21.42 million shares are valued at Rs 238 crore based on their average price, but will drop to Rs 163 crore at the upper price band, which is Rs 76. Biggest gainers Biggest beneficiaries are Tiger Global, and Matrix Partners, which will gains 550% and 824%, respectively SoftBank, to gain Later-stage investors like SoftBank, which owns as much as 25% in the company, Tiger Global, and Matrix Partners stand to enjoy multi-bagger gains

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Ola Electric may set valuation at around $4.5 billion for IPO: Report
5 months, 1 week ago

Ola Electric may set valuation at around $4.5 billion for IPO: Report

Hindustan Times  

Ola Electric is likely to value the company at around $4.5 billion for its upcoming initial public offering, it was reported. Ola Electric IPO: Ola Electric received official approval from market regulator Securities Exchange Board of India for its initial public offering. Earlier it was reported that Ola Electric received official approval from market regulator Securities Exchange Board of India …

Not Nykaa or Zomato, these IPOs lead multibagger gains this year. Do you own?
2 years, 11 months ago

Not Nykaa or Zomato, these IPOs lead multibagger gains this year. Do you own?

Live Mint  

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IPO-bound Ola raises $500 mn through term loan
3 years ago

IPO-bound Ola raises $500 mn through term loan

Live Mint  

Cab-hailing firm Ola, which is eyeing a public listing by the first half of 2022, has raised $500 million via a Term Loan B from marquee international institutional investors, the firm said on Thursday. Ola is expected to utilize the term loan to fuel its vision for the future of mobility across its various businesses including ride hailing, vehicle commerce, …

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