OYO parent Prism files updated papers for Rs 6,650-Cr IPO

Hospitality technology company Prism, the parent of OYO, has filed updated draft papers with markets regulator Sebi to raise Rs 6,650 crore through an initial public offering (IPO), comprising entirely a fresh issue of shares. The company has not included any offer-for-sale (OFS) component in the proposed public issue, meaning existing shareholders, including SoftBank's SVF India Holdings, founder Ritesh Agarwal, RA Hospitality Holdings, Microsoft, Airbnb, Khazanah, Lightspeed, Greenoaks Capital