India: Fairfax-backed Digit Insurance targets $5b in IPO valuation

India: Fairfax-backed Digit Insurance targets $5b in IPO valuation

 India’s Digit Insurance, backed by Canadian billionaire Prem Watsa’s Fairfax Group, is considering raising about $500 million in an initial public offering at a valuation of $4.5 billion to $5 billion, three people aware of the matter told Reuters.