Ola Electric to Launch IPO on August 2, Valuation Said to Be at Around .4 Billion

Ola Electric to Launch IPO on August 2, Valuation Said to Be at Around $4.4 Billion

SoftBank-backed Ola Electric’s IPO will open for retail subscription on Aug. 2, the Indian electric scooter maker said on Saturday, a stock offering that according to two sources will value the company between $4.2 billion to $4.4 billion. The issue, which will open for institutional investors a day earlier on…