financeSkift··1 min·For: Owner, Investor, Revenue
Prism Prepares $692M IPO Driven by Motel 6 Growth
Oyo-parent Prism is preparing an Indian IPO to raise up to $692 million, heavily backed by Motel 6 which now drives nearly half of its gross booking value. The company reported a 50% jump in consolidated revenue to $980 million alongside surging profitability.
Key Takeaways
- 1Prism plans to raise up to $692 million in an Indian public listing.
- 2Motel 6 generates nearly half of the group's $3.2 billion gross booking value.
- 3Annual revenue jumped 50% to $980 million with EBITDA doubling to $272 million.
Source: Skift
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