SoftBank-backed ride-sharing company Ola said to prepare for up to $1b India IPO

SoftBank-backed ride-sharing company Ola said to prepare for up to $1b India IPO

FILE PHOTO: A policeman drinks tea in front of Ola's office in Mumbai, India October 29, 2018. REUTERS/Francis Mascarenhas/File Photo

Indian ride-sharing giant Ola plans to raise up to $1 billion through an initial public offering (IPO) and is finalising banks to advise on the fund-raise, three sources told Reuters, becoming the latest startup to join the capital markets boom.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter