India's SoftBank Group-backed Policybazaar has filed for an initial public offering that could allow it to raise more than $800 million.
According to Arabiya Net, the company that works in the field of digital insurance plans to offer its shares for public subscription on the Mumbai Stock Exchange.
Bloomberg agency sources have indicated that the offering will value the company at about $3.5 billion.
It should be noted that Policybazaar, established in 2008, is also backed by Tiger Global Management and Tencent Holdings.
