A smaller IPO is being sold as a sign of strength, but Prism may simply be playing it safe. After two abandoned IPO attempts, a smaller raise could mean it doubts demand at its old valuation, or just wants a smoother sale.
Advertisement
Oyo Parent Prism Halves IPO Size, Leaving More Debt to Be Repaid From Cash Flow
A smaller IPO is being sold as a sign of strength, but Prism may simply be playing it safe. After two abandoned IPO attempts, a smaller raise could mean it doubts demand at its old valuation, or just wants a smoother sale.
