Ola has postponed its first public offering (IPO). The company was about to apply for an IPO but decided the plan was necessary. The IPO may enter the market later this year or early next year. We are about to sign up. We, as the board, have called for this to be done later. It could be the end of this year or the beginning of next year because we are ready for it. Our business in the field of taxiing is very extensive. Our investors strongly support the listing strategy, “said OLA CEO Bhavish Aggarwal.
“There is no place to rush the list.” “When we enter the market, some people are positively surprised, unlike some of our internet consumers,” he said. According to the EY Global IPO Trends report, a total of 16 IPOs were launched in the first quarter of this year, compared to 23 IPOs in the corresponding period in the first quarter of 2021.
In 2022, nine IPOs suffered a list of losses. The list includes the Life Insurance Corporation of India (LIC). LIC shares are listed below the IPO price. This year, however, there were 22 IPOs with positive gains on the day of the listing.