oyo the highprofile affordable lodging startup that filed for an initial public offering last year is considering slashing its fundraising target by half or even shelving the debut according to people familiar with the matter faced with headwinds including slumping stock markets oyooperator oravel stays ltd could clip its indian ipo from the nearly 1 billion initially sought to half that the people said declining to be identified discussing internal matters it’s considering also halving its expected valuation from the 12 billion originally targeted they said oyo could even decide to suspend its ipo plans the people said