General Atlantic-Backed Acko Plans IPO for Up to $2.5 Billion Valuation
Acko Insurance, an Indian insurer backed by General Atlantic, Accel, Amazon.com, and the Canada Pension Plan Investment Board, is preparing for an initial public offering (IPO) with a target valuation between $2 billion and $2.5 billion. The company, which offers motor, health, and travel insurance, has appointed Morgan Stanley, ICICI Securities, and Kotak Mahindra Capital to manage the listing. Acko plans to confidentially file its draft IPO papers with India's market regulator within the next two to three months. The IPO aims to raise between $300 million and $500 million through a combination of fresh shares and secondary sales by existing investors. 
