Ola Electric plans a $4.5bn IPO valuation, a 16-17% decrease from its last round, aiming to raise ₹7,250 crore.
Ola Electric is reportedly planning to set the valuation for its upcoming IPO at around $4.5bn, which is a 16-17% decrease from its last private equity round valued at $5.4bn. The company is set to receive approval for its IPO from the Securities Exchange Board of India (SEBI), aiming to raise ₹7,250 crore. The lowered valuation is to make the IPO more attractive to investors and help grow long-term wealth.
July 16, 2024
13 Articles