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Maroc Maroc - THESTAR.COM.MY - Tech - 16/Jul 13:04

India's Ola Electric likely to set valuation at around $4.5 billion for IPO, sources says

NEW DELHI (Reuters) -SoftBank-backed Indian e-scooter maker Ola Electric is likely to value the company at around $4.5 billion for its upcoming initial public offering (IPO), around 16-20% lower than at its last funding round, two sources with direct knowledge of the matter said. Read full story

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