India, May 2 -- Hospitality major OYO has reportedly decided to postpone its initial public offering (IPO) by a few months due to opposition from its investor SoftBank and the ongoing market volatility.

SoftBank, which holds over 30% stake in OYO, told the unicorn to postpone its public issue till its earnings are stronger, Bloomberg reported, citing sources.

OYO was initially planning to launch its IPO by October this year, but this would now be extended to March next year, the report said, adding that it is likely to seek a valuation above $7 Bn.

SoftBank declined to comment on the development, while OYO didn't respond to Inc42's queries till the time of publishing this story. However, an OYO spokesperson told the agency that the com...