SoftBank-backed Ola Electric expected to set a valuation of approximately $4.5 billion for its upcoming initial public offering (IPO), which represents a decrease of about 16-20% compared to its valuation in the last funding round, according to Reuters report. In June, the Indian markets regulator greenlit Ola’s $660 million stock […]
Ola Electric
Electric vehicle maker Ola Electric has received approval from markets regulator Securities and Exchange Board of India (SEBI) to raise funds via initial public offerings (IPO), according to a report by Moneycontrol. This development occurs as EU cracker capacity is shutting down and margins remain weak. The stock has increased […]