Digit Insurance files for IPO

The insurer plans to raise more than $160m

Indian insurer Digit Insurance has filed for an initial public offering (IPO) to raise more than $160m.

In a regulatory filing, the IPO will consist of fresh issue shares worth INR12.5b (160m) whilst shareholders plan to sell 109.4 million shares. Digit Insurance said it may sell INR2.5b ($32m) of shares in a pre-IPO placement. If this goes through, share sales in the issue will be lower.

ALSO READ: What an on-demand insurance product looks like

A report by TechCrunch indicated that Digit Insurance is eyeing to raise up to $440m in total for the IPO.

In an earlier report, Digit Insurance was first targeting a $500m IPO valutaion

Founded in 2017, Digit Insurance is backed by Canadian billionaire Prem Watsa's Fairfax Group.

Follow the link for more news on

Digit Insurance

Initial public offering

Also Read

Zurich eyes to surpass 23% ROE in next three years

Individual health claims rise 29.3% as overall payouts dip in Indonesia

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit