Warburg-Backed Avanse Is Said to Mull IPO Delay on US Visa Rules
Avanse Financial Services Ltd., an Indian education financing provider backed by Warburg Pincus, is considering delaying its initial public offering (IPO) due to slowing demand for loans. This slowdown is reportedly caused by stricter US visa rules, according to people familiar with the matter. Avanse, which provides education loans and other financial services, has been preparing for an IPO. However, the company's plans may be affected by the changes in US visa regulations, which have made it more difficult for international students to study in the United States. The slower demand for education loans, a key part of Avanse's business, has led the company to reconsider the timing of its IPO. Delaying the offering could help the company weather the current market conditions and ensure a successful public debut once the situation stabilizes.
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