Shriram Transport said that tranche 1 will open for subscription on 17 July.
SoftBank Vision Fund holds a 34.6 per cent pre-IPO stake in the robotics startup.
The company will be listed on Nasdaq after a share exchange with US-based 8i Enterprises Acquisition Corp.
This comes just three days after AB InBev shelved its $9.8b listing plan of its Asian business.
A deal could value Youdao at about $2 billion.
It was slated to be this year’s biggest IPO that would surpass Uber’s $8.1 billion share sale.
Foreign investors will be permitted to hold stakes totalling up to 35% in companies trading in Yangon.
The firm was reportedly struggling to secure enough demand from long-term investors.
JPMorgan Chase & Co. and Morgan Stanley are joint sponsors for the Hong Kong share sale.
Its board will meet on 20 July to explore fundraising options.
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