The startup’s IPO size will be between $750 Mn to $1 Bn and will include fresh issue of shares worth $200 Mn
OfBusiness will eye a valuation between $6 Bn – $9 Bn, greater than its last valuation of $5 Bn
The startup is in talks with Bank of America, Citi, JP Morgan and Morgan Stanley for managing the IPO, which will be launched in the second half of 2025
B2B marketplace unicorn OfBusiness has begun preparations for an initial public offering (IPO) of up to $1 Bn and is close to finalising the bankers for its public issue.
OfBusiness CFO Bhavesh Keswani told Reuters that the startup is in talks with Bank of America, Citi, JP Morgan and Morgan Stanley for managing the IPO, which will be launched in the second half of 2025.