India's Oyo mulls cutting IPO size amid tech rout: report

India's Oyo mulls cutting IPO size amid tech rout: report

Visual from OYO website

Softbank-backed Indian hotel aggregator Oyo Hotels and Homes Pvt Ltd is cutting the shares it plans to sell via an initial public offering (IPO) by about two-thirds as tech valuations plunge, Bloomberg News reported on Monday, citing people familiar with the matter.