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Ola Electric is preparing to launch its initial public offering (IPO) with a valuation around $4.5 billion (₹4.5-5 Bn), approximately 30% lower than its last private funding round in September 2023, where it was valued at $5.4 billion. The IPO is expected to take place in early August. The company initially aimed for a $6-7 billion valuation but has since tempered its expectations. Temasek has expressed comfort with Ola Electric's pre-IPO valuation.
🔴 @OlaElectric is likely to set a valuation of ₹4.5-5 Bn for its #IPO, which is expected to happen in early Aug. Co was valued at $ 5.4 bn as per its last funding round in Sep 2023 . @Temasek told CNBC-TV18 that it is 'comfortable with Ola Electric's pre-IPO valuation' https://t.co/lycy1cW828
#TechWithMC | 🚗💡 Ola Electric plans IPO with valuation around $4.5 billion, no comment yet from company. Read more about it👇 https://t.co/OQUOy6Tmkp #Ola #Electric #IPO
🚨 Sources to CNBC-TV18 ⬇️ ◾ @OlaElectric is likely to set a valuation of ₹4.5-5 Bn for its IPO, which is expected to happen in early August ◾ Ola Electric was valued at $ 5.4 bn as per its last funding round in Sep 2023 ◾ @Temasek told CNBC-TV18 that it is… https://t.co/LZvvZXY6gd