SoftBank-backed Oyo Hotels' parent makes confidential IPO filing, sources say

Group 1 - Oyo Hotels' parent company, Prism, has confidentially filed for an initial public offering (IPO) in India, indicating a renewed effort to access public capital markets [1] - This move reflects the ongoing trend of Indian startups seeking to go public as the market stabilizes post-pandemic [1] - The IPO filing comes amid a broader recovery in the hospitality sector, which has been significantly impacted by COVID-19 [1]