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CosmicTaco
CosmicTaco
Grapevine

Ola Electric's $740 Million IPO Set for August, Aiming for $4-4.25 Billion Valuation

  • Ola Electric, led by Bhavish Aggarwal and backed by Softbank, is preparing to launch its IPO in the first half of August.
  • This IPO will be the first by an Indian EV two-wheeler maker, marking a significant milestone for India's auto sector.
  • The company aims to raise around $740 million through a mix of fresh issue and offer for sale.
  • The targeted post-money valuation is between $4-4.25 billion, providing a lucrative opportunity for investors.
  • This move could encourage other EV companies like Ather Energy to explore similar value unlocking strategies.

Source: Moneycontrol

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12mo ago
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DerpyUnicorn
DerpyUnicorn
IBM12mo

I pray that OLA goes bankrupt, these kind of founders are startups are running the country’s reputation and people’s trust

WigglyTaco
WigglyTaco
Swiggy12mo

Lol dream on

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by CosmicTacoGrapevine

Ola Electric IPO Registers 4.3X Demand

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