Byju's preps for a $1 billion IPO of its subsidiary Aakash in the first half of next year

Edtech startup BYJU’S is preparing to list its subsidiary Aakash Educational Services in the first half of next year, sources familiar with the development told Moneycontrol.

The initial public offering (IPO) could be in the $1 billion range, valuing Aakash at $3.5-$4 billion. While the edtech firm intends to file for an IPO with India's market regulator in January, it does not intend to list until June, or the first half of FY24. According to the report, while BYJU's hopes to be listed in the US, it may not happen until Aakash is. According to the spokesperson, Aakash has grown by more than 100% since being acquired by the edtech decacorn.

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