SoftBank-backed OfBusiness, an India-based technology supply chain and financing platform, is reportedly exploring a revival of its initial public offering plans, people familiar with the matter say. Bloomberg reports that the offering could potentially raise up to $800 million. Business Line adds that the contemplated structure would include a fresh share issuance of up to $200 million, with the remainder made up of shares sold by existing shareholders.
The reports indicate that the company is weighing whether to restart an IPO process, but they do not specify timing, regulatory approvals, pricing, or whether market conditions or investor demand have been finalized. No details are provided on lead banks, the final size of the offering, or where the shares would be listed.
Overall, both outlets describe the same core development: OfBusiness is considering bringing an India IPO back on the table, potentially raising substantial capital through a mix of new issuance and secondary sales by current owners.
