Monday, July 17, 2023

Ola advances plan for IPO as electric scooters take off in India

Ola Electric Mobility Pvt. is considering an IPO sooner than anticipated, as shares of the Indian startup have skyrocketed since launching electric scooters in December. Founder Bhavish Aggarwal had planned to wait four to six years before taking the company public, but the response to its electric scooters, which now claim an impressive 38% market share in India, has been overwhelming.

from Tech-Economic Times https://ift.tt/JIDohOw

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Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows

The dollar-denominated notes are split into 3-1/2-year, 5-1/2-year and 7-1/2-year tenors, while the euro-denominated bonds are split into 4-...