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SoftBank-Backed Oyo Seeks $9 Billion Valuation in IPO

India-based startup Oyo, which is backed by SoftBank, is targeting a valuation of $9 billion in an initial public offering that could begin as early as next week, Bloomberg reported. The valuation would be roughly unchanged from six months earlier, when Microsoft invested in Oyo at a $9.6 billion valuation. It comes after another Indian startup, Paytm, disappointed in public markets after its...

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