SoftBank Said to Cut Valuation of IPO-Bound Oyo

SoftBank reported a significant quarterly loss of over $20 billion at its Vision Fund unit, marking down 284 companies in its portfolio, including private firms like Ohio. The lack of detailed breakdowns has led to speculation, but reports indicate a significant markdown for OU, initially valued at $9-10 billion. This situation is problematic for OU, drawing comparisons to WeWork, as many private companies face valuation declines. OU is preparing for a public offering, targeting a $5 billion valuation, contingent on market performance and investor interest.

What comparisons have been made regarding Martha's investment in oil?

What factors will determine the valuation target for OU?