Ola Electric IPO: Issue to open for retail subscription on August 2, valuation expected at $4.4 billion

The Softbank-backed company’s founder Bhavish Aggarwal will offload 37.9 million shares in the IPO, the documents disclosed. Ola is expecting a lower valuation than in its last funding round in September led by Singapore’s investment firm Temasek, which valued it at $5.4 billion.  
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