Grapevine: Ola Electric faces pushback on valuation; Pine Labs eyes $1-bn IPO
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Grapevine: Ola Electric faces pushback on valuation; Pine Labs eyes $1-bn IPO

By Sreeja Biswas

  • 24 Jun 2024
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Grapevine: Ola Electric faces pushback on valuation; Pine Labs eyes $1-bn IPO
Ola Electric's S1 Air e-scooters | Credit: Reuters/VarunVyas Hebbalalu

Ola Electric Mobility Ltd. is encountering investor resistance regarding its target valuation for the upcoming initial public offering (IPO) of shares, a media report said.      The company's founder is seeking a potential valuation of up to $7 billion (Rs 58,400 crore) for the Mumbai listing while initial feedback from investors suggests ......

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