Acko General Insurance eyes $2 billion valuation in major IPO push. The Bengaluru-based insurtech has appointed ICICI Securities, Kotak Mahindra Capital, and Morgan Stanley to manage its share sale, marking a significant milestone for India's insurance technology sector. The offering will include fresh share issuance and an offer for sale by existing investors. Acko plans to file its draft prospectus through the confidential pre-filing route before year-end, allowing regulatory review without immediate disclosure of detailed financials. The IPO comes as Acko demonstrates improving financial performance, with fiscal 2025 revenue reaching 2,837 crore, up 35 percent year-on-year, while consolidated net loss narrowed substantially to 424 crore from 667 crore previously.
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