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The Economic Times
The Economic Times

SoftBank-backed OfBusiness is said to explore reviving IPO

OFB Tech Pvt, the operator of technology supply chain and financing platform OfBusiness, is considering reviving plans for an initial public offering that could raise as much as $800 million, according to people familiar with the matter.

The SoftBank Group Corp.-backed company is working with Axis Capital Ltd., Morgan Stanley, JPMorgan Chase & Co., and Citigroup Inc. to help prepare for the potential listing, the people said, asking not to be identified because the information is private. The company is aiming to file its draft prospectus as soon as November, the people said.

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