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moves money Inc42 Media August 05, 2026

OfBusiness Set To File DRHP For $800 Mn IPO By Mid-November

OfBusiness Set To File DRHP For $800 Mn IPO By Mid-November
AI Summary

B2B ecommerce unicorn OfBusiness is looking to revive its IPO plans amid improvement in equities market condition. Sources told Inc42 that the SoftBank-backed startup will be looking to file for an IPO within the month of November. The proposed $800 Mn IPO could comprise a fresh issue of up to $260 Mn, while the remaining shares are expected to be offered for sale by existing investors.

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