India's Digit Insurance plans to raise $500 million in IPO
Wed, May 25, 2022 12:35 PM

India's Digit Insurance plans to raise $500 million in IPO

A Flip by Moushumi
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India's Digit Insurance is eyeing raising nearly $500 million in an initial public offering at a valuation of $4.5 billion to $5 billion. Indian cricket star Virat Kohli is an investor & brand ambassador. Morgan Stanley & Indian investment bank ICICI Securities have been appointed by Digit Insurance as the book-runners for the deal. The company is planning to file the draft papers in September.

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