SoftBank-backed OfBusiness plans up to $1b India IPO in H2 2025

SoftBank-backed OfBusiness plans up to $1b India IPO in H2 2025

FILE PHOTO: A worker cuts iron rods outside a workshop at an iron and steel market in an industrial area in New Delhi, India, December 12, 2017. REUTERS/Adnan Abidi/File Photo

SoftBank-backed OfBusiness, an Indian shopping website that offers raw materials to businesses, is planning an Indian stock market offering worth up to $1 billion and is close to appointing bankers, a top executive told Reuters on Tuesday.