Ebix Begins IPO Process for EbixCash

Ebix (NASDAQ:EBIX), fintech company with over fifty offices announced that it has begun its IPO process for EbixCash to be launched in India. The IPO is expected to launch in the second quarter of 2020 on Indian stock exchanges. EbixCash is focused on lending and asset management services, including travel technology.

As quoted in the press release:

The Company announced that is in advanced stages of selection of investment bankers, towards launching the EbixCash IPO on the Indian stock exchanges. The details of the IPO in terms of the targeted money raise and the bankers who would lead this exercise will be announced in due course.

With a “Phygital” strategy that combines 320,000 physical distribution outlets in many Southeast Asian Nations (“ASEAN”) countries, to an Omni-channel online digital platform, the Company’s EbixCash Financial exchange portfolio encompasses leadership in areas of domestic & international money remittance, foreign exchange (Forex), travel, pre-paid & gift cards, utility payments, lending, wealth management etc. in India and other markets.

Click here to read the full press release.