# SoftBank-backed OfBusiness weighs $800 million IPO, may file draft papers by November

_Published Wednesday, August 5, 2026 at 2:20 AM EDT · Capital · Latest · Tier 2 — Notable_

SoftBank-backed OfBusiness is weighing an initial public offering that could raise up to $800 million and may file draft papers by November, Bloomberg reported. The company is working with four banks on the potential offer, which may include up to $200 million in fresh shares with the balance sold by existing investors, according to the report.

OFB Tech, which operates as OfBusiness, is considering reviving its IPO plans after earlier attempts. The draft prospectus is aimed for November, the report said.

## Sources

- [Moneycontrol](https://www.moneycontrol.com/news/business/ipo/softbank-backed-ofbusiness-weighs-800-million-ipo-may-file-draft-papers-by-november-13994926.html)

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Canonical: https://techandbusiness.org/newswire/j-yarCbags6_lxJxtWmaTU
Published: 2026-08-05T06:20:49.857Z
Story chronology: 2026-08-05T12:00:00.000Z
Retrieved: 2026-09-19T18:30:01.222Z
Publisher: Tech & Business (techandbusiness.org)