-- Acko Insurance is targeting a listing in early 2027, Reuters reported Monday, citing people familiar with the matter.
The Indian insurer is preparing for an IPO and eyeing a valuation of between $2 billion and $2.5 billion, the report said.
The company may raise $300 million to $500 million through the offering, which is expected to include a mix of fresh issue and secondary share sales, the report said, citing one of the sources.
Acko is likely to confidentially file draft IPO papers with the Securities and Exchange Board of India in the next two to three months, the sources reportedly told Reuters.
Morgan Stanley, ICICI Securities and Kotak Mahindra Capital have been appointed to manage the issue, the report said.
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