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in Tech

Ola Electric to Launch IPO on August 2 at This Valuation

by Editor July 27, 2024, 8:44 pm 1.2k Views

Ola Electric to Launch IPO on August 2, Valuation Said to Be at Around $4.4 Billion

SoftBank-backed Ola Electric’s IPO will open for retail subscription on Aug. 2, the Indian electric scooter maker said on Saturday, a stock offering that according to two sources will value the company between $4.2 billion to $4.4 billion.

The issue, which will open for institutional investors a day earlier on Thursday, will close for retail subscriptions on Aug. 6, the final IPO prospectus filing showed. Ola founder Bhavish Aggarwal will…

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