SoftBank-backed OfBusiness is considering reviving its IPO plan in India
2 day ago / Read about 0 minute
Author:小编   

According to sources familiar with the matter, OFB Tech Pvt, the operator of technology supply chain and financing platform OfBusiness, is considering reviving its IPO plan with the support of SoftBank Group, aiming to raise up to $800 million. Currently, the company is collaborating with Axis Capital Ltd, Morgan Stanley, JPMorgan Chase, and Citigroup to prepare for the listing. Due to confidentiality of the information, the sources wished to remain anonymous. The company plans to submit its draft prospectus by November at the latest. Previously, OfBusiness had shelved its listing plans due to unfavorable market conditions. For this revival, it is expected to issue new shares worth up to $200 million, with the remainder being sold by existing shareholders.

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