Oyo Postpones Its Third Attempt at an IPO After SoftBank Balks

Oyo Hotels is delaying its plans for an October IPO after opposition from SoftBank Group Corp. and a tumultuous turn in the stock market this year.

SoftBank has balked at the proposed timing and pressed Oyo to hold off on an initial public offering until its earnings are stronger, according to people familiar with the matter, who asked not to be identified as the information is private.