BENGALURU - Softbank-backed Indian hotel aggregator Oyo Hotels and Homes Pvt Ltd is cutting the shares it planned to sell via an initial public offering (IPO) by about two-thirds as tech valuations plunged, Bloomberg News reported on Monday, citing people aware of the matter.
The company is preparing to file a fresh IPO document as soon as this week, Bloomberg reported.
Oyo did not immediately respond to ' request for comment.
(Reporting by Varun Vyas in Bengaluru)