scorecardresearchDigit Insurance likely to launch IPO by 2022-end to raise $500 million: Report

Digit Insurance likely to launch IPO by 2022-end to raise $500 million: Report

Updated: 26 May 2022, 11:47 AM IST
TL;DR.
Fairfax Group-backed Digit Insurance is considering raising about $500 million via an initial public offering (IPO) at a valuation of $4.5-5 billion, Reuters reported. The firm plans to file its draft documents to the markets regulator by September and list by January
Digit was valued at close to $4 billion earlier this month when it raised a tranche of funding, according to Reuters, which added that Digit has so far raised more than $400 million from Sequoia Capital, A91 Partners and Faering Capital, besides Fairfax. (PTI Photo/Kunal Patil) 

Digit was valued at close to $4 billion earlier this month when it raised a tranche of funding, according to Reuters, which added that Digit has so far raised more than $400 million from Sequoia Capital, A91 Partners and Faering Capital, besides Fairfax. (PTI Photo/Kunal Patil)